International Monetary Fund. Monetary and Capital Markets Department
INTERNATIONAL MONETARY FUND
The supervision of financial market infrastructures (FMIs) in the Netherlands has been significantly strengthened in recent years. The European Market Infrastructure Regulation (EMIR) introduced legally binding requirements for central counterparties (CCPs) located in the Netherlands. The Dutch authorities have also adopted the Committee on Payments and Market Infrastructures (CPMI)-International Organization of Securities Commissions (IOSCO) Principles for Financial Market Infrastructures (PFMI) in their oversight and supervision of central securities depositories (CSDs)/securities settlement systems (SSSs) and systemically important payment systems.