This page provides an overview of the legislation governing market access for trust offices, as well as the accompanying guidance that DNB has prepared.
(Should there be any discrepancies between the Dutch and the English version of this good practice document, the Dutch version shall prevail.)
In the Netherlands the supervision of trust offices and their market access is governed by the Act on the Supervision of Trust Offices 2018 (Wtt 2018). The licence requirement for trust offices also results from the Wtt 2018. DNB is responsible for licensing and supervising trust offices.
In addition to the Wtt 2018, the Decree on the Supervision of Trust Offices 2018 sets further rules for trust offices.
This regulation includes exemptions under the Act on the Supervision of Trust Offices 2018.
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
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
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
De Nederlandsche Bank (DNB) imposed a fine of €10,000 on trust office Lewben Netherlands B.V. (Lewben) on 19 January 2023. The fine was imposed for Lewben's failure to commission audits during the period from 1 January 2019 to 7 September 2021.
Read more Fine for trust office Lewben Netherlands B.V. for failing to commission audits
