04 December 2018
Netherlands finally implements PSD2
www.twobirds.com/en/news/articles/2018/netherlands/netherlands-finally-implements-psd2

On December 4, 2018, the Dutch Senate approved the legislative proposal transposing the second Payment Services directive (PSD2) into Dutch law.

04 May 2020
Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction
www.twobirds.com/en/news/articles/2020/netherlands/why-dutch-panic-surrounding-psd2-and-gdpr-interplay-may-be-an-overreaction

Earlier this year, Dutch data protection agency De Autoriteit Persoonsgegeven launched an investigation into whether fintech companies in the Netherlands are correctly collecting personal data under PSD2, and whether ...

22 October 2018
Dutch Data Protection Authority gives payment service providers guidance with regards to explicit consent under PSD2
www.twobirds.com/en/news/articles/2018/netherlands/further-guidance-on-explicit-consent-under-psd-by-dutch-dpa

On 19 October 2018 the Dutch Data Protection Authority published its further interpretation of the Dutch implementation of the PSD2 Directive.

06 November 2018
Dutch government tabled law to implement amended Shareholders' Directive
www.twobirds.com/en/news/articles/2018/netherlands/dutch-government-tabled-law-to-implement-amended-shareholders-directive

As far as the European Commission is concerned, there is insufficient shareholder involvement and a lack of adequate transparency when it comes to listed companies; this is one of the reasons it adopted the new ...

03 December 2020
Dutch regulator calls for tighter regulation of Big Techs in payment market study
www.twobirds.com/en/news/articles/2020/netherlands/dutch-regulator-calls-for-tighter-regulation-of-big-techs-in-payment-market-study

On 1 December 2020, the Dutch competition authority (ACM) published its long-awaited report on the role of major technology firms (Big Techs) in the payment market. The publication of the report was expected in the ...

31 March 2020
Can you stop paying your office rent during the Coronavirus crisis in the Netherlands?
www.twobirds.com/en/news/articles/2020/netherlands/can-you-stop-paying-your-office-rent-during-the-coronavirus-crisis-in-the-netherlands

Like all entrepreneurs right now, you will be wondering what measures you can take to get through this crisis. For many companies, after labour costs, housing is the largest expenditure. . Can you stop paying your rent?

27 February 2020
Dutch Data Protection Authority investigates account information service providers
www.twobirds.com/en/news/articles/2020/netherlands/dutch-data-protection-authority-investigates-account-information-service-providers

On Monday 24th February, the Dutch Data Protection Authority (Autoriteit Persoonsgegevens, AP) communicated that it had initiated investigations into Dutch companies holding a PSD2 authorisation to access and process ...

18 February 2019
Netherlands: Implementation date of PSD2
www.twobirds.com/en/news/articles/2019/netherlands/implementation-date-psd2-in-the-netherlands

The Dutch Senate approved the legislative proposal transposing the second Payment Services Directive (Directive 2015/2366 – PSD2) into Dutch law on 4 December 2018. At that time, it was expected that the effective date ...

08 July 2019
Dutch Data Protection Authority warns banks to refrain from using transactional data for direct marketing purposes
www.twobirds.com/en/news/articles/2019/netherlands/dutch-data-protection-authority-warns-banks-to-refrain-from-using-transactional-data

In this client alert we discuss the recent letter from Dutch Data Protection Authority calling out to banks to reconsider any plans they may have to use personal data in transactional data for direct marketing purposes, ...

02 August 2019
No licensing requirement for providers of crypto exchanges and crypto wallets in the Netherlands
www.twobirds.com/en/news/articles/2019/global/no-licensing-requirement-for-providers-of-crypto-exchanges-and-crypto-wallets-in-the-netherlands

On 2 July 2019, the Dutch Minister of Finance (the Minister) submitted the bill to implement the 5th Anti-Money Laundering Directive (Directive 2018/843 - 5th AMLD) and to amend – particularly - the Dutch Money ...