Amended Policy Rule on Fitness 2012 available for consultation
Published: 15 July 2022
The consultation round for the amended Policy Rule on Fitness 2012 was launched on 15 July 2022. Market participants have until 15 September 2022 to respond to the proposed amendments.
The policy rule describes the framework that the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten – AFM) and De Nederlandsche Bank (DNB) use when assessing policymakers in the financial sector. It applies equally to assessments that the AFM and DNB conduct in the Caribbean Netherlands under the Financial Markets (BES) Act (Wet financiële markten BES).
Over the past period, both supervisory authorities identified relevant amendments and incorporated them into the policy rule. They also introduced amendments necessitated by national and European legislative changes. Market participants are invited to respond to the proposed amendments.
The consultation can be found here link.
Which documents are being put up for consultation?
The AFM and DNB are making two documents available for consultation. These are:
- The Draft decree 2022 amending the Policy Rule on Fitness 2012 This lists and explains the proposed amendments.
- The draft of the amended text, including explanatory notes.
How to respond
You can submit your response by email at email@example.com, stating “Consultation response to Policy Rule on Fitness 2022” in the subject line. The deadline for submitting responses is 15 September 2022. We will publish a feedback statement describing how we have dealt with the various responses.
Responses received during the consultation round will be assessed and incorporated where needed into the policy rule and explanatory notes. The definitive texts will be published in the Government Gazette. Together with the feedback statement, they will also be posted on the AFM and DNB websites. We expect this to be in late 2022. The amended policy rule will immediately take effect.
The consultation period runs until 15 September 2022. If you have any questions, please contact DNB at firstname.lastname@example.org or the AFM at Consultatie_Beleidsr@afm.nl stating “Consultation response to Policy Rule on Fitness” in the subject line. You do not need to send your response to both supervisory authorities.