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 timeline
Factsheet
When applying for a licence from DNB, you should bear in mind the following processing times. The time between submitting your application and receiving DNB's decision differs for each application.
The statutory consideration period for a trust office licence application is thirteen weeks. The consideration period starts when we receive your application for a licence. We have learned from experience that the total application processing time tends to be longer than thirteen weeks. This is because the consideration period may be suspended if information is missing, or if your application prompts additional questions. We will then ask you to supply the additional information. Pursuant to the law, the consideration period is suspended and will not restart until we have received all relevant information. If you do not supplement your application on request, or do not do so sufficiently, we may decide to cease consideration of your application within four weeks.
Quality
The total time taken to process your application depends greatly on its quality and completeness and the additional information you supply. If for any reason we are unable to come to a decision before the set deadline, we will inform you accordingly. Generally speaking, the better the quality of your submitted application (in terms of both content and completeness), the faster we can process it.
Contact
If you are considering applying, you can contact the Expert Centre on Market Access to announce your application and enquire about the expected processing time. You can contact the Expert Centre at: markttoegang@dnb.nl.
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.
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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
