The Decree on Market Access of Financial Undertakings (Besluit Markttoegang financiële ondernemingen Wft) implements the provisions of Part 2 (Market access of financial undertakings) and Part 1 (General provisions) of the Financial Supervision Act (Wet op het financieel toezicht).
In the Decree, the classification used in the Act has been observed, meaning that the rules are classified by activity. First, the rules governing access to the Dutch market are worked out, followed by those governing access to foreign markets.
Regarding applications for authorisation, section 2 provides that the application must be submitted using a form prescribed by the supervisory authority.
On 22 January 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €5 million on de Volksbank N.V. (de Volksbank) for serious shortcomings in its anti-money laundering controls.
Read more Fine for de Volksbank N.V. for deficient anti-money laundering controls
On 22 January 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €15 million on de Volksbank N.V. (de Volksbank). The fine was imposed because, at least during the period under review, between 2018 and 2023...
Read more Administrative fine for de Volksbank N.V. for failure to ensure sound business operations
On 22 January 2025, De Nederlandsche Bank (DNB) imposed two administrative fines on de Volksbank. One amounts to €15 million for failing to ensure the sound conduct of business operations. The other, of €5 million, was imposed for deficient anti-money laundering controls.
Read more Fines totalling €20 million imposed on de Volksbank
Dutch households again saved a lot of money in 2024, new figures from DNB show. Together, they held a record amount of €600.5 billion in payment and savings accounts at the end of December 2024.
Read more Dutch households keep saving: more than €600 billion in bank accounts
