Boom Basics Dutch Financial Supervision Act.

• Superior document: Boom Basics Series
• Author: Stegeman, Rezah.
• TeilnehmendeR: Hartlief, Ton.; Jansen, Corjo.
• Place / Publishing House: The Hague : : Boom Uitgevers Den Haag,, 2020.; Ã2020.
• Year of Publication: 2020
• Edition: 1st ed.
• Language: English
• Series: Boom Basics Series
• Physical Description: 1 online resource (236 pages)

Table of Contents

• Intro
• I. Introduction
• 1. Position in Dutch law
• Financial supervision law
• Overlap with other fields of law
• 2. Origin
• Reason for the supervision of financial markets
• Further development
• Non-investment-related supervision
• Tilting from sectoral supervision to functional supervision
• Further developments
• 3. Objectives (prudential and conduct of business supervision)
• Prudential supervision
• Conduct of business supervision
• 4. European influences
• European law
• Financial Services Action Plan
• Lamfalussy legislative procedure
• Capital Markets Union
• Mutual recognition
• Brexit
• European financial regulators
• Maximum harmonisation
• 5. Structure
• Level of legislation
• Lower regulation
• Policy Rule
• II. General part (Part 1)
• 6. Definitions
• 7. Financial product, financial instrument and security
• Financial product
• Financial instrument
• Security
• 8. Customer, consumer and public
• Client
• Consumer
• Public
• 9. Professional market party, professional investor, eligible counterparty, qualified investor and institutional investor
• Professional market party
• Professional investor and 'eligible counterparty'
• Qualified investor
• Institutional investor
• 10. AIF, undertaking for the collective investment in transferable securities (UCITS), investment fund, investment company and investment firm
• AIF
• Open-end and closed-end
• Undertakings for collective investment in transferable securities (UCITS)
• Investment fund or investment company
• Investment firm
• 11. Financial firm, financial institution and financial service provider
• Financial firm
• Financial institution
• Financial services provider
• 12. Key information document and key investor information document
• Key information document
• Key investor information.
• 13. Offering and 'in the course of a profession or business'
• Offering
• In the course of a profession or business
• 14. Scoping provisions
• Government-related institutions
• Pension funds and their asset managers
• Online services
• 15. Affectability of legal acts
• 16. Supervision and enforcement
• Supervisory powers
• Duty to cooperate and principle of proportionality
• Enforcement powers
• Administrative penalty
• New enforcement instruments
• 17. Confidentiality and publication
• Confidentiality
• Disclosure
• 18. Liability of regulators
• 19. Cooperation between regulators
• Cooperation between the AFM and DNB
• Cooperation with other supervisors/European institutions
• 20. Procedures
• licence and DNO
• Licence
• Amendment and/or withdrawal
• Declaration of no objection
• 21. Remuneration policy
• 20% bonus cap
• Scope
• Exemptions
• Claw-back and adjustment of bonuses
• III. Market Access Financial Firms (Part 2)
• 22. Introduction
• Prohibition, unless
• Licensed activities
• Licensing authority
• Single Supervisory Mechanism and ECB competence
• 23. Territorial scope
• In the Netherlands
• Services via Internet
• To act as insurance intermediary for clients located outside the Netherlands
• Seat in the Netherlands
• 24. Statutory exemptions and dispensations
• Scope of application
• Statutory exemptions
• Exemption Regulation
• Dispensations
• By operation of law versus on request
• Relationship to ongoing supervisory requirements
• 25. European passport
• 26. Payment service providers
• Description
• Statutory exemption
• Exemption Regulation
• 27. Electronic money institutions
• Description
• Statutory exemption
• Exemption Regulation
• 28. Banks
• Description
• Statutory exemption
• 29. Insurers
• Description
• Non-life insurers
• Life insurers.
• Funeral expenses and benefits in kind insurance
• Reinsurers
• Statutory exemptions
• Exemption Regulation
• Miscellaneous
• 30. Offering investment objects
• Description
• Statutory exemptions
• Exemption Regulation
• 31. Offering credit
• Description
• Statutory exemptions
• Exemption Regulation
• 32. Managing and offering of units in AIFs and UCITS
• Description
• Statutory exemptions
• Light managers
• Excluded entities
• Managers from non-EU countries
• Managers from a designated state
• Miscellaneous
• Permitted 'extra' activities
• 33. Advising on financial products other than financial instruments
• Description
• Statutory exemptions
• Exemption Regulation
• 34. Acting as an intermediary
• Description
• Statutory exemption
• Exemption Regulation
• European passport
• 35. Providing investment services and performing investment activities
• Description
• Statutory exemptions
• Exemption Regulation
• Ancillary services
• 36. Licence requirements
• Light dispensations
• 37. Access to foreign financial markets
• notification procedure
• Establishing a branch
• Without a branch - cross border
• IV. Prudential Supervision of Financial Firms (Part 3)
• 38. Introduction
• Scope
• International sources (Basel III and CRD IV)
• 39. Group finance companies
• Dispensation
• 40. The prohibition to obtain repayable funds
• Statutory exemptions
• Exemption Regulation
• Dispensation
• 41. The prohibition to use the word 'bank'
• Statutory exemptions
• Exemption Regulation
• Dispensation
• 42. Suitability and trustworthiness
• 43. Integrity policy
• Numbered accounts
• 44. Structuring and organisation
• Four-eye principle and control structure
• Organisation of business operations
• General aspects
• Integrity aspects
• Prudential aspects
• 45. Minimum capital
• The amounts
• The composition.
• 46. Solvency and financial position
• Regulatory capital
• Deduction
• Capital ratios
• Risk-weighted assets/risk exposure
• 47. Capital buffer
• 48. Liquidity
• 49. Technical provisions
• 50. Qualifying holdings in and by financial firms
• In a financial firm
• Assessment criteria
• By a financial firm (bank or insurer)
• Assessment criteria
• 51. Measures in the event of breaches of prudential rules
• 52. Transfer of portfolio by insurers
• Insurers seated the Netherlands
• Insurers seated in another member state
• Insurers seated in a non-member state
• 53. Recovery plan
• 54. Investor compensation scheme and deposit guarantee scheme
• Investor compensation scheme
• Deposit Guarantee Scheme
• 55. Investment principles and investment policies of PPIs
• 56. Consolidated supervision of financial firms
• Different types
• Regulator
• Exemption
• Banking groups
• Elements of supervision
• Insurance groups
• Elements of supervision
• Financial conglomerates
• Elements of supervision
• V. Part on Special measures and provisions concerning financial firms (Part 3A)
• 57. General information
• Scope
• Powers
• 58. The preparation phase
• Resolutionplan
• Contractual resolvability clause
• MREL
• 59. The early intervention phase
• Binding instruction
• Shareholder approval
• Appointment of a special administrator
• Restriction of rights of counterparties during the early intervention phase
• Zero-hour rule
• 60. The resolution phase
• First: write-down or conversion of capital instruments (WDCCI)
• Only then: resolution
• Conditions for resolution
• Resolution principles
• Resolution tools
• Transfer of business to a private party
• Transition from an undertaking to a bridge institution
• Asset separation
• Bail-in
• 61. Special measures
• Measures within the context of the corporate structure.
• Restriction of rights of counterparties during the resolution phase
• Zero-hour rule
• Trade in financial instruments
• 62. Legal protection
• VI. Part on Conduct of business supervision of financial firms (Part 4)
• 63. Introduction
• Scope
• Types of conduct of business rules
• 64. Suitability
• Assessment
• Oath or solemn affirmation
• 65. Knowledge and competence
• 66. Trustworthiness
• Assessment
• 67. Integrity policy
• Minimum requirements
• 68. Structuring and organisation
• Structure of control
• Organisation of business operations
• General aspects
• Integrity aspects
• Behavioural aspects
• Financial service providers
• Outsourcing
• Complaints handling
• 69. Duty of care
• Information
• Pre-contractual information
• Advertising
• risk indicator, warning text and essential information document
• Ongoing information obligations
• General duty of care
• Standard of care
• 70. Client classification and know-your-customer
• Client classification
• Know-your-customer
• 71. Ban on inducements
• Scope
• Exemptions
• Information obligation
• 72. Notification obligations
• 73. Offering investment objects
• 74. Granting credit
• Mandatory participation in credit registration system
• Pre-contractual information
• Creditworthiness test
• Maximum cost of credit
• 75. Offering units in investment funds
• Requirements to the AIFM
• Notification procedure and offer requirements
• Depositary
• Appointing a depositary
• Quality and establishment requirements depositary
• Liability of the depositary
• Legal ownership of assets
• Depositary entity
• Separate depositary entity
• Allowed claims
• Creditor ranking
• Valuation of assets
• Prospectus
• Provision of information - professional or retail investors
• Control over undertakings
• Notification obligation
• Information provision.
• Asset stripping.