If you do not hold authorisation from DNB, you are not permitted to operate as an insurer unless you qualify for exemption.
We pursue a policy of active enforcement and perform checks at regular intervals. If we find that you are providing insurance services without authorisation or exemption, we have several enforcement measures that we can impose, including issuing cease and desist orders and imposing administrative fines.
Non-compliance with the Financial Supervision Act (Wet op het financieel toezicht – Wft) constitutes a criminal offence under the Economic Offences Act (Wet op de economische delicten), which we can report to the public prosecutor's office.
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
This week, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their final reports on greenwashing in the financial sector.
Read more European Supervisory Authorities publish reports on greenwashing in the financial sector
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
The rapid development of artificial intelligence (AI) poses challenges for the supervisory work of the AFM and DNB. The supervisory authorities have published a report with criteria and areas of attention for shaping the supervision of AI.
Read more AFM and DNB publish report on the impact of AI on the financial sector and supervision
