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...Read more
Decree on Prudential Supervision of Financial Groups under the Wft
The Decree on Prudential Supervision of Financial Groups (Besluit prudentieel toezicht financiële groepen Wft) provides further rules on the prudential supervision of financial groups.
The basic principles underlying the Decree can be found in Chapter 3.6 of the Financial Supervision Act (Wet op het financieel toezicht – Wft). The Decree is structured in the same way as that chapter, comprising paragraphs on consolidated supervision of investment firms and banks, supplementary supervision of life insurers and non-life insurers in an insurance group, supplementary supervision of insurers with limited risk in a group and supplementary supervision of financial conglomerates.
- Investment firms