The Dutch Authority for the Financial Markets (AFM) has launched the 2025 edition of its Market Monitor for advisers and intermediaries (MMAB), a compulsory digital questionnaire for more than 6,100 firms. The AFM will use the firm-specific information to strengthen its insight into market developments and risks and to focus supervision, with “business operations in order” again flagged as a supervisory priority. Access to the MMAB is staggered across three cohorts, opening on 17 February, 24 February and 3 March, with each firm given four weeks from its start date to complete the questionnaire via the AFM Portal. The MMAB also collects the metric used to calculate the 2025 contribution to the costs of ongoing supervision, based on turnover from activities requiring a licence, and the AFM notes that turnover figures can no longer be submitted as estimates. The AFM expects to publish aggregated sector data later in 2025 via its ‘Sector in beeld’ publication and has directed firms with questions to its Entrepreneurs Desk.