The Dutch Authority for the Financial Markets and the Dutch Central Bank have opened a consultation on revisions to two sets of rules for financial undertakings in the Caribbean Netherlands. The changes cover the policy rule and the implementing regulation under the BES Financial Markets Act and the BES Anti-Money Laundering and Anti-Terrorist Financing Act, with the aim of bringing them back into line with newer legislation and current supervisory practice and making supervisory expectations clearer for firms. The policy rule explains how the two authorities apply the BES financial markets and anti-money laundering laws and how they supervise compliance. The regulation sets more detailed requirements for firms, including arrangements for business operations and risk management. The two instruments have not been updated as a coherent package for several years, while underlying rules and guidance have changed, including the BES Financial Markets Decree, guidelines from the Central Bank of Curaçao and Sint Maarten, and practice examples published in 2023. The consultation includes two draft amendment decisions, each with explanatory notes setting out the proposed changes and the reasons for them. The consultation runs from 26 June to 28 August 2026. After reviewing responses, the authorities will publish a feedback statement and then adopt the final policy rule and regulation. Publication is expected in the second half of 2026 in the Government Gazette and on the authorities' websites, with the revised rules entering into force from that point.

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