The Dutch Authority for the Financial Markets (AFM) has commissioned research agency KWINK group to carry out an effectiveness audit of the competency agreement between the AFM and DSI. This agreement, in place since 2018, helps investment sector professionals demonstrate compliance with European regulatory requirements for professional competence, such as MiFID II and the Dutch Financial Supervision Act (Wft).

Employees of investment firms who provide clients with information or advice about investments must meet specific competence requirements. Through the agreement with DSI, these professionals can demonstrate their compliance if they are registered in one of the DSI registers. Registration is a supporting tool—it is not legally required, and firms may choose alternative ways to demonstrate the competence of their staff.

KWINK group, a specialist in policy evaluation, is conducting the audit on behalf of the AFM. The audit will assess both the effectiveness of the agreement and the experiences of investment firms using it. Starting at the end of September, KWINK group will approach various organisations on behalf of the AFM to gather input.