Dutch Authority for the Financial Markets says AI Act implementing bill is workable but seeks changes to supervisory split and oversight conditions

The Dutch Authority for the Financial Markets has published an implementation assessment and consultation response on the Dutch bill implementing the AI Act, concluding that the proposal is workable in principle but needs targeted changes for effective supervision in the financial sector. Its main concerns relate to how supervisory responsibilities are divided, and whether the framework provides the capacity, powers and information-sharing arrangements needed to oversee artificial intelligence use properly. The authority said the bill would give it new supervisory tasks covering prohibited AI practices, transparency toward consumers and high-risk applications such as credit assessment and insurance pricing. It said this will require new expertise, additional supervisory tools and close cooperation with DNB. The Dutch Authority for the Financial Markets also called for a clear publication regime, an appropriate confidentiality and data-sharing framework, and sufficient resources. In its consultation response, it supported the bill overall but objected to the proposed allocation of tasks between the Dutch Authority for the Financial Markets and DNB, arguing that both authorities should be designated to supervise the AI Act's prohibitions and high-risk requirements, each from their own conduct and prudential mandates.