NLD AFM Accessibility Act Supervision

Published on: Nov 8, 2024

On Nov. 5, NLD AFM said it will monitor accessibility rules compliance.

  • NLD AFM said it will monitor compliance by financial companies with the European Accessibility Act (EAA), which applies to online consumer financial services and is designed to make products and services more accessible to people with disabilities.
  • Follows NLD GVT Sep. 2024, issued electronic communications decree, see #227184.
  • Summary
  • Scope of EAA is broad, applying to most financial product and services providers and is based on 4 accessibility principles: operable; perceptible; understandable; robust.
  • Applies to websites, apps, other online applications, requires firms to make changes to ICT, and set up review processes to ensure that services are continuously accessible.
  • One of 5 designated supervisors NLD AFM expects firms to start applying legislative requirements as soon as possible, and share information on a dedicated webpage.
  • Expect financial companies to start applying the requirements as soon as possible.
  • Need organization-wide adjustments to make services to consumers easily accessible.
  • Effectiveness
  • EEA enters into force on Jun. 28, 2025.
Regulators
NLD AFM
Entity Types
B/D; Bank; CNSM; IA; Ins; Inv Co; Pension
Reference
PR, 11/5/2024; Dir 2019/882; ESG
Functions
Compliance; Human Rights; Legal; Operations; Product Administration; Product Design; Social; Technology; Trading
Countries
Netherlands
Category
State
N/A
Products
Banking; Fund Mgt; Insurance; Pensions; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Nov 5, 2024
Effective Date
Jun 28, 2025
Rule ID
232458
Linked to
N/A
Reg. Last Update
Nov 5, 2024
Report Section
EU