On 20 January 2020, the Dutch Central Bank (De Nederlandsche Bank, DNB) and the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published a draft enforcement policy for public consultation.
DNB and the AFM have the task of supervising compliance with financial laws and regulations in the Netherlands. In order to effectively do so, DNB and the AFM have been allocated legal powers and various enforcement instruments. The draft enforcement policy sets out how DNB and the AFM will be deploying these powers and instruments. The policy is in line with the objectives of financial regulatory law and builds on the enforcement policy dating from 2008 that still applies today. This new enforcement policy takes into account the current supervisory practices of both regulatory authorities.
The consultation runs until 2 March 2020. Responses to the consultation will be processed in a joint feedback statement, which will be made public shortly after the end of the consultation. The feedback statement will show to what extent responses have led to changes made to the draft enforcement policy.
View the draft enforcement policy (Dutch only), 20 January 2020.