We have extensive and unrivalled experience in the field of payment / e-money products and license applications. We are known for our strong regulatory expertise and ranked by all major guides as Tier 1 in relation to regulatory.
Aside from advising parties on the regulatory aspects of the Second E-money Directive, PSD II, PAD, MIFs and SEPA, we assist payment service providers with their license application. We provide guidance on current and future legal / statutory obligations and are uniquely positioned to provide guidance on the focus points of and additional (formal and informal) requirements imposed by the Dutch Central Bank (DNB). Moreover, we have – through our vast experience in filing applications – good knowledge of DNB’s requirements in respect of internal operational documents.
As a consequence of our previous and current experience and contacts with DNB, we add value to our services by anticipating on informal requirements posed by DNB and prepare our clients for smooth license application processes.
NautaDutilh has the Netherlands' leading regulatory practice and we are renowned for our innovative regulatory work for national and international financial institutions. Therefore we continue to be very busy with new forms of financing, such as crowdfunding and FinTech initiatives in the financial sector. For a significant part the assistance consists of advising on the structuring and regulatory aspects of products, internet platforms, online distribution, business models that were / or will be launched.
Our services in the area of payment services are wide-ranging and include:
- Assisting on license applications for e-money institutions / payment services providers and liaising with DNB;
- Obtaining the required declaration of no objection for e-money institutions;
- Advising on various regulatory aspects such as the implementation of PSD II;
- Drafting procedural manuals, internal policies and contractual documentation to comply with relevant regulatory requirements;
- Advising on governance structure;
- Drafting the relevant funds safeguarding documentation; and
- Preparing board members and supervisory board members for their suitability and integrity screening.
A selection of what others say
Premier regulatory department which assists Dutch and international financial institutions with complex and innovative projects, offering notable experience in payment services and insurance. "The team's appeal is that the lawyers are very well connected and possess deep insight into the Dutch regulatory environment."
Chambers Europe | 2019
NautaDutilh’s team has "a good relationship with the regulator and access to all levels" and is "proactive and provides solutions before issues become problems".
The Legal 500 | 2019
"Very good knowledge of financial law and regulatory matters," adding that "they know the sector and the regulators and work for multiple clients in that field, which adds to the value of their advice. They work fast and are dedicated."
Chambers | 2018
NautaDutilh’s "excellent, quick and pragmatic" department is highly regarded by clients for its "in-depth knowledge".
The Legal 500 | 2018