A clearing institution must comply with all sorts of requirements laid down in the Financial Supervision Act (Wet op het financieel toezicht / Wft) when applying for an authorisation and in carrying on its business.
These requirements are intended to promote the solidity of the institutions and contribute to the stability of the financial system, and therefore also to protect interested parties from the risk of losses due to inadequate solvency or liquidity. De Nederlandsche Bank (DNB) supervises clearing institutions’ compliance with the statutory requirements.
The Wft and the related secondary legislation impose requirements on clearing institutions with respect to the following matters (this is not an exhaustive list):
The requirements for clearing institutions depend on the way in which the business of a clearing institution is being carried on in the Netherlands. The requirements made of authorised clearing institutions are set out below. These relate to clearing institutions (i) without a banking licence or (ii) established in a non-designated state.
The purpose of the good practices for Dutch Financial Market Infrastructures (FMIs) is to provide non-binding guidance on how an FMI can organise its processes and procedures to manage climate and environmental risks.
Read more DNB publishes an approach to manage climate and environmental risk for Financial Market Infrastructures
On 21 March, an online demo of the new qualitative surveys service will take place at 16:00h.
Read more Join us for the online demo: Qualitative Surveys Service
De Nederlandsche Bank (DNB) assesses incumbent and prospective policymakers, such as management and supervisory board members, for fitness to fulfil their duties and whether their propriety is beyond doubt. In conducting our assessments, we also take any antecedents into account.
Read more Continuous notification requirement for antecedents
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
Read more DNB & AFM Sanctions Alert – State of affairs concerning Russia and Ukraine – 24 February 2022
