The consultation of the Regulation on Sound Remuneration Policies (Regeling beheerst beloningsbeleid Wft 2021 – Rbb 2021) did not result in any changes to the regulation.Read more
As a supervisory authority we are authorised to enforce compliance with financial laws and regulations. To do so, we may use informal and formal enforcement instruments with regard to legal entities and individuals.
Informal and formal enforcement measures
- Informal enforcement measures, including oral and written compliance briefings and written warnings, have no basis in the law.
- Formal enforcement measures have a legal basis and are referred to as "administrative sanctions". They may be of a remedial nature, such as an imposing an order subject to penalty, or of a punitive nature, such as imposing an administrative fine. Other administrative sanctions are issuing an instruction, appointing a caretaker, suspending voting rights, imposing a prohibition and restricting or revoking a license. See below for more information about the underlying enforcement principles.
- DNB and the Dutch Authority for the Financial Markets (AFM) have made arrangements (Dutch only) on how they enforce compliance.
Disclosure of enforcement measures
Under financial laws and regulations, we are often obliged to disclose our decisions to impose an administrative sanction in full. As a rule, we disclose a sanction once it is irrevocable. That is to say, when all legal remedies have been exhausted. If an objection or appeal has been lodged, we disclose the outcome along with the decision itself. As a rule, we disclose a decision to impose an order subject to penalty as soon as possible if a penalty is forfeited. See below for more information about the enforcement measures we disclose.