In the good practices document “Guidance on prudential reporting for investment firms and investment fund managers” (hereafter: good practices) De Nederlandsche Bank (DNB) provides investment firms and managers of investment funds and UCITS (hereafter: institutions) with an overview of good practices for prudential reporting. Institutions are required by law to submit prudential reports to DNB. The quality of the data we receive as part of these reports is essential to our work as a supervisory authority.
In practice, we often find prudential reports to contain (material) errors, requiring time-consuming resubmissions. Additionally, adverse trends in the financial soundness of institutions might go undetected for too long, hampering timely recovery measures. Therefore, we call on institutions to take additional measures (where needed) to better ensure the quality of their prudential reporting. These good practices provide guidance in this regard.
We have published the good practices for consultation from October 25th till December 13th 2023. You can find the feedback statement here. It sets out how we processed the consultation responses.
The good practices consist of two parts:
You can find the good practices below.
De Nederlandsche Bank (DNB) imposed an administrative fine of €15,810 on investment firm Black Swan Capital B.V. (BSC) on 21 May 2024, for failing to hold sufficient own funds from the year-end 2019 until 21 July 2023.
Read more Fine imposed on Black Swan Capital for failure to hold sufficient own funds
Households deposited a record EUR 3.8 billion in Dutch investment funds in 2020. This boosted their assets managed by investment funds to EUR 47.3 billion.
Read more Dutch investment funds hit record AUM at EUR 1 trillion
The rapid development of artificial intelligence (AI) poses challenges for the supervisory work of the AFM and DNB. The supervisory authorities have published a report with criteria and areas of attention for shaping the supervision of AI.
Read more AFM and DNB publish report on the impact of AI on the financial sector and supervision
The European Banking Authority (EBA) recently published a Q&A on the calculation of K-COH, which also pertains to the calculation of K-DTF. Institutions must correctly report K-COH and K-DTF in accordance with these calculations.
Read more Calculating K-COH and K-DTF
