How can an investment firm request permission to apply the CRR instead of the IFR?
We may grant permission to investment firms to apply the requirements of the CRR instead of the requirements of the IFR if they meet the conditions set out in Article 1(5) of the IFR. Investment firms wishing to use this option can submit an application to us. They must include the following information:
Based on the information submitted we will assess whether the application for permission meets all conditions of Article 1(5) of the IFR. If that is the case, we will grant permission to apply the CRR requirements instead of the IFR requirements We will formally decide on applications for permission after the IFR/IFD have entered into force in the Netherlands.
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 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
In the third quarter of 2023, Dutch investment funds achieved relatively solid returns, despite falling global bond and equity prices, as revealed by new DNB figures.
Read more US dollar appreciation bolstered returns of Dutch investment funds in third quarter of 2023
