Management company of a collective investment scheme
Under section 2:65 of the Financial Supervision Act (Wet op het financieel toezicht / Wft) companies that manage collective investment schemes are required to have a licence.
What is a management company?
A management company is a legal person that manages one or more collective investment schemes.
No company may manage a collective investment scheme in the Netherlands unless it has a licence for this purpose or a statutory exception applies. The Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) is the body that issues licences to companies to act as management companies of collective investment schemes. For more information about this, please refer to www.afm.nl. As part of its prudential supervision, De Nederlandsche Bank (DNB) monitors compliance by management companies of Netherlands-based collective investment schemes with the provisions of the Wft and related secondary legislation.
Where a company acts as manager of an undertaking for collective investments in transferable securities (UCITS), units may be offered in another Member State.
For any further questions please contact:
De Nederlandsche Bank NV
Afdeling Beleggingsondernemingen en beleggingsinstellingen
P.O. Box 98
1000 AB Amsterdam
Telephone: Information Desk+ 31 20 524 9111 (available on working days between 9:00 am and 5:00 pm). Or you can send an e-mail message to email@example.com (giving your name, address and telephone number).
Fax: +31 20 5241883
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