Fit and Proper Assessments: additional questions on potential conflicts of interest

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Starting January 9, 2025, DNB will request information on potential conflicts of interest through the fit and proper assessments application form.  

Published: 09 January 2025

DNB vanuit het centrum

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The questions apply to policymakers and members of supervisory bodies in sectors such as banks, payment institutions, insurers, electronic money institutions, and various types of holding companies that are subject to assessment. 

At the Time of Application  

For an efficient assessment process, it is important that this information is provided at the time of the application. This supports DNB in its decision-making process. 

This information request aligns DNB with the assessment practices of the European Central Bank (ECB), which already requests information on conflicts of interest as standard practice through the assessment application form. The new procedure avoids the need to request this information through an additional information request, thereby contributing to shorter processing times for assessments. 

Potential Conflicts of Interest  

The questions on conflicts of interest relate to potential personal, business, and financial conflicts of interest of the appointee. In the case of a (potential) conflict of interest, we ask the institution to provide an explanation and describe the mitigating measures taken. This helps to ensure transparency and integrity within the financial sector and to identify and mitigate potential risks in a timely manner. 

Further explanation of the questions on conflicts of interest can be found in the initial assessment application form, which is available through My DNB Supervision Services. 

For questions or comments about the additional questions on conflicts of interest, please contact the DNB Expert Centre on Fit & Proper Assessments at toetsing.expertisecentrum@dnb.nl. 

 

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