On 30 May 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a number of (anonymised) suitability screening practice examples in order to provide more insight into the DNB’s considerations in this area. This is intended to assist candidates and regulated institutions in preparing for suitability screenings (geschiktheidstoetsingen).

It follows from these examples that the following circumstances generally result in the determination that a candidate is not suitable for its function:

  • the candidate lacks knowledge on the products, services and markets in which the licensed institution operates, or on the regulated institution itself;
  • the candidate lacks sector specific knowledge due to insufficient preparation; and
  • the candidate has insufficient knowledge on relevant substantive issues, as a result of which he/she lacks sufficient countervailing power against professional parties.

View DNB’s examples (Dutch only), 30 May 2016.