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.Read more
Initial assessment - cooperation between DNB and the AFM in assessments
De Nederlandsche Bank (DNB) is the prudential supervisory authority for the Netherlands and seeks to achieve sound and ethical financial institutions that meet their obligations. The Netherlands Authority for the Financial Markets (AFM) is responsible for market conduct supervision, promoting fair and transparent financial markets. From these perspectives, DNB and the AFM work closely together in the assessment of management and supervisory board members.
For fit and proper assessments of management and supervisory board members of banks and insurance companies, DNB is obliged by law to consult the AFM. DNB and the AFM also work together on fit and proper assessments of management and supervisory board members of other institutions. The two supervisory authorities may decide to attend assessment interviews of the other authority.
DNB and the AFM will each independently assess the candidate on fitness and propriety. If either of these assessments is negative, a negative decision will be issued.
DNB will assess the candidate's reputation and for this purpose it may exchange information with the AFM.
- Clearing & Settlement Systems
- Clearing institutions
- Collective investment schemes
- Crypto service providers
- Electronic money institutions
- Exchange transaction
- Investment firms
- Payment institutions
- Pension funds
- Premium Pension institutions
- Trust offices
New procedure types, i.e. passporting notifications and qualifying holding procedures in the IMAS portal
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.Read more
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.Read more