The Decree on Market Access of Financial Undertakings (Besluit Markttoegang financiële ondernemingen Wft) implements the provisions of Part 2 (Market access of financial undertakings) and Part 1 (General provisions) of the Financial Supervision Act (Wet op het financieel toezicht).
In the Decree, the classification used in the Act has been observed, meaning that the rules are classified by activity. First, the rules governing access to the Dutch market are worked out, followed by those governing access to foreign markets. The provisions have been largely taken over from earlier legislation, to which reference is made in the explanatory notes by section.
Regarding applications for authorisation, section 2 provides that the application must be submitted using a form prescribed by the supervisory authority.
News item supervision
Financial institutions often serve many different customers in many different sectors, including customers in sectors with higher inherent integrity risks. The sector in which a customer operates is one of the factors that a financial institution...
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DNB increases the countercyclical capital buffer (CCyB) from 0% to 1%. The requirement will apply to all banks – both Dutch and foreign – that have loans outstanding in the Netherlands. For the Dutch banking sector as a whole, the requirement involves a capital charge of approximately EUR 3.3 bill.
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News item supervision
