Dutch pension funds are increasingly investing their assets in foreign investment funds. Whereas their holdings in Dutch investment fund units have been declining for some time, an increasing share of their assets is being allocated to foreign, especially European, investment funds.Read more
IFR/IFD – Voluntary application of CRR (opt-in)
Published: 05 October 2020
How can an investment firm request permission to apply the CRR instead of the IFR?
We may grant permission to investment firms to apply the requirements of the CRR instead of the requirements of the IFR if they meet the conditions set out in Article 1(5) of the IFR. Investment firms wishing to use this option can submit an application to us. They must include the following information:
- A calculation of the actual and required liquidity and solvency at consolidated level based on the CRR/CRD.
- Calculations of the capital requirements at individual level based on the CRR and based on the IFR, in which the CRR requirements must not be lower than the IFR requirements.
Based on the information submitted we will assess whether the application for permission meets all conditions of Article 1(5) of the IFR. If that is the case, we will grant permission to apply the CRR requirements instead of the IFR requirements We will formally decide on applications for permission after the IFR/IFD have entered into force in the Netherlands.
Did you know that you can track the status of your assessment application in My DNB? As of 11 May 2023 you can see the status of your assessment application in My DNB – Supervisory Applications Service.Read more
In 2022, Dutch households again invested more in emerging markets such as South Africa, Brazil and China. Despite net purchases, the value of these investments decreased to €2,241 million at the end of 2022 due to price losses, down from a record €2,631 million at the end of 2021.Read more
De Nederlandsche Bank (DNB) assesses incumbent and prospective policymakers, such as management and supervisory board members, for fitness to fulfil their duties and whether their propriety is beyond doubt. In conducting our assessments, we also take any antecedents into account.Read more