New DNO obligation for insurers planning an IPO

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Effective 1 January 2025, Dutch insurers planning to obtain a stock exchange listing (IPO) need a declaration of no-objection (DNO) from DNB. They can apply for the DNO through MyDNB. Read more on applying for a DNO below.

Published: 21 March 2025

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When does the new DNO obligation apply to IPOs?

The new DNO obligation has been added as subsection b to Section 3:97 (Dutch) of the Financial Supervision Act (Wet op het financieel toezicht – Wft). It applies to any insurer with its registered office in the Netherlands that changes its capital structure by submitting a request for admission to trading on a regulated market of shares or other securities to which control is attached.

Insurers can submit their DNO application by completing the online application form in MyDNB. DNB’s consideration period is 60 business days from receipt of a complete application.

Find out more about the application process and an DNB's assessment criteria:

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