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
Designated States Decree Wft
This Decree of the Minister of Finance designates the states in which banks, investment firms and clearing institutions are subject to adequate supervision.
The prohibition for any entity having its registered office outside the EU to operate as a clearing institution from a branch office located in the Netherlands without a licence issued by DNB does not apply to clearing institutions having their registered office in a designated state.
The prohibition to manage a Dutch investment fund or offer units of participation in an investment fund in the Netherlands, or to manage an investment fund or offer units of participation in an investment fund as a Dutch manager of an investment fund does not apply to managers of investment funds having their registered office in a designated state, provided the AFM has been notified of this activity in advance.
- Clearing institutions
- Collective investment schemes
- Investment firms