Information session about fit and proper assessments DNB
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
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Application process (10 steps)
Factsheet
The statutory consideration period for an application to be authorised as a trust office is thirteen weeks. The consideration period will start when we have received your application for a licence.
We will start reviewing your application immediately after receiving it. This marks the start of the 13-week consideration period. We will first check that you have completed the application form in full and included all required documents. If we find that information is missing, you will be given the opportunity to supplement your application within a specified deadline. The consideration period will then be suspended. See also: Application process timeline
10 steps
The licence application involves several steps. For example, after our first review of your file, we may ask you to provide additional information. We may also request a meeting with you and we may need to assess your company's policymakers. We have illustrated the various steps for you. DNB has created an animation showing how licence applications are processed.
Quality of application
The total time taken to process your application depends greatly on its quality and completeness and the additional information you supply. If it is inadequate, we may need more than thirteen weeks to come to a decision.
Success factors
To ensure that your application is dealt with smoothly, we have set out a number of success factors(link) for you. If you have any further tips or suggestions, please send them to us(link) and we will include them in this list.
Information on applying for a licence as a trust office
Interesting articles
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DNB and AFM: recommendations for a strong European Capital Markets Union
In view of our continued support for a deeper and more integrated European Capital Markets Union (CMU), De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) present next steps to shape the right policies and create a competitive European capital market.
Read more DNB and AFM: recommendations for a strong European Capital Markets Union -
Fine for trust office Intertrust Netherlands for insufficient customer due diligence
De Nederlandsche Bank (DNB) imposed an administrative fine of €2,500,000 on trust office Intertrust (Netherlands) B.V. (Intertrust) on January 10th 2024. The fine was imposed because the customer due diligence carried out by Intertrust did not meet the legal requirements.
Read more Fine for trust office Intertrust Netherlands for insufficient customer due diligence -
Fine for trust office Athos Business Services (Netherlands) B.V. for insufficient customer due diligence
De Nederlandsche Bank (DNB) imposed an administrative fine of €10,000 on trust office Athos Business Services (Netherlands) B.V. (Athos) on. The fine was imposed because Athos provided trust services without carrying out sufficient customer due diligence.
Read more Fine for trust office Athos Business Services (Netherlands) B.V. for insufficient customer due diligence
