On 2 November 2018, the Regulation on costs for one-time supervisory actions (Regeling bekostiging financieel toezicht eenmalige handelingen, the Proposed Regulation) was published for consultation.
The Proposed Regulation will amend the fees for one-time supervisory actions by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) such as licence applications and screenings of daily policymakers. Compared to the current regulation, notable amendments are:
- licence applications for managers of investment funds, investment firms and offerors of investment objects will change from a fixed fee of EUR 5,500 to an hourly fee with a maximum of EUR 100,000; and
- the hourly rate of the AFM will increase from EUR 175 to EUR 200.
The consultation period will end on 25 November 2018.
View the Proposed Regulation (Dutch only), 2 November 2018.