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.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2023. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.