A bandwidth will be attached to a DNO for the acquisition and ownership of a qualifying holding.
With a bandwidth DNO, the size of the qualifying holding may vary within the specified bandwidth without the need to apply for a new or amended DNO. When you are applying for a DNO as referred to in Sections 3:95 and 3:96 of the Wft you will have a choice between different bandwidths.
The DNO for a qualifying holding under Section 3:96 of the Wft also offers the option to apply for a DNO for a fixed percentage shareholding. The following bandwidths are available.
The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.
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The European Central Bank (ECB) has successfully introduced interaction on Fit and Proper testing with significant institutions and their advisors via a dedicated infrastructure called IMAS Portal.
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DNB has revised the format of the annual Article 23 LCR DR qualitative data request. The new template will be used in the upcoming data request which will be launched in September.
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