In view of our continued support for a deeper and more integrated European Capital Markets Union (CMU), De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) present next steps to shape the right policies and create a competitive European capital market.Read more
Statutory framework governing market access for trust offices
Published: 01 April 2017
This page provides an overview of the legislation governing market access for trust offices, as well as the accompanying guidance that DNB has prepared.
- Guidance on the relevant legislation:
- Guidance on the Anti-Money Laundering and Anti-Terrorist Financing Act and the Sanctions Act
- Good practices ‘The integrity risk analysis – more where necessary, less where possible’
- Draft Good Practices for Transaction Monitoring
(Should there be any discrepancies between the Dutch and the English version of this good practice document, the Dutch version shall prevail.)
Act on the Supervision of Trust Offices 2018
In the Netherlands the supervision of trust offices and their market access is governed by the Act on the Supervision of Trust Offices 2018 (Wtt 2018). The licence requirement for trust offices also results from the Wtt 2018. DNB is responsible for licensing and supervising trust offices.
Decree on the Supervision of Trust Offices 2018
In addition to the Wtt 2018, the Decree on the Supervision of Trust Offices 2018 sets further rules for trust offices.
Regulation on the Supervision of Trust Offices 2018
This regulation includes exemptions under the Act on the Supervision of Trust Offices 2018.
Information on applying for a licence as a trust office
Authorisation, yes or no?
Applying for authorisation
De Nederlandsche Bank (DNB) imposed an administrative fine of €2,500,000 on trust office Intertrust (Netherlands) B.V. (Intertrust) on January 10th 2024. The fine was imposed because the customer due diligence carried out by Intertrust did not meet the legal requirements.Read more
Fine for trust office Athos Business Services (Netherlands) B.V. for insufficient customer due diligence
De Nederlandsche Bank (DNB) imposed an administrative fine of €10,000 on trust office Athos Business Services (Netherlands) B.V. (Athos) on. The fine was imposed because Athos provided trust services without carrying out sufficient customer due diligence.Read more
De Nederlandsche Bank (DNB) imposed a fine of €10,000 on trust office Lewben Netherlands B.V. (Lewben) on 19 January 2023. The fine was imposed for Lewben's failure to commission audits during the period from 1 January 2019 to 7 September 2021.Read more