The Financial Supervision Act (Wft) consolidates the regulation of financial markets in the Netherlands. Effective from January 1, 2007, it replaced eight previous regulatory measures and provides a framework for supervising financial institutions such as banks, insurers, and investment firms. The Wft aims for targeted, market-oriented, and transparent financial legislation. The responsibilities of DNB, which conducts prudential supervision, and AFM, responsible for conduct of business supervision, are distinctly separated.
