The flexible system allows fine and penalties to be reduced or increased. Are there examples of circumstances that are being taken into account?
Circumstances that can be taken into account include:
Some of the circumstances are set out in more detail in the Decree on Administrative Fines in the Financial Sector (Besluit bestuurlijke boetes financiële sector). We have established a policy with regard to setting fines and penalties. See DNB's fine and penalty amounts policy (Government Gazette 2020, 63846). For example, the size of the non-compliant party can be a fine or penalty-reducing circumstance, repetition of the non-compliance is a fine or penalty-increasing circumstance, and gravity and/or duration of the non-compliance and the degree of culpability are circumstances that can be both fine or penalty-reducing and fine or penalty-increasing.
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
On 30 September 2024, DNB published the amendments to the two policy rules for the deposit guarantee scheme (DGS). These amendments were publicly consulted in June 2024.
Read more Adoption of the 2024 amendments to the Policy Rules for the Deposit Guarantee Scheme
From 25 November 2024, Jochem Dijckmeester will succeed Cindy van Oorschot as Divisional Director of Pension Supervision at DNB.
Read more Jochem Dijckmeester appointed Divisional Director of Pension Supervision
In light of the IFR/IFD Review, the Dutch Ministry of Finance, the Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) present recommendations for the review of the Investment Firms Regulation (IFR) and the Investment Firms Directive (IFD).
Read more The Dutch Ministry of Finance, the AFM and DNB: recommendations for the review of the prudential framework for investment firms
