Enforcement

Financial transactions in the Netherlands have a high degree of government regulation. For many activities, a permit or approval is required and detailed ongoing monitoring requirements apply. In addition, there are numerous general prohibitions, such as those concerning the use of inside information. By far the largest part of these standards has been deposited in the Financial Supervision Act (Wft). Other supervisory laws include, for example, the Act on the Supervision of Trust Offices, the Pensions Act and, to a certain extent, the Law on the enforcement of consumer protection. The activities of accountants are regulated in the Supervision of Audit Firms Act. All these standards must of course also be maintained. This starts with investigations that the AFM and DNB are increasingly carrying out. They can already have far-reaching consequences as such. The – often vulnerable – reputation and financial position of those involved is even more at stake if measures are subsequently imposed. This may include, for example, indications, fines, public warnings and other publication authorizations, the withdrawal of permits or the appointment of a silent curator. We can boast a broad knowledge of financial supervisory laws and a long-term experience with enforcement issues. We focus on the broad spectrum of parties that deal with the AFM and DNB. This concerns all sorts of (individual directors of) financial companies such as banks, investment institutions, investment firms and financial service providers. But also (pension) insurers, audit firms, listed companies and trust offices regularly call on us. In the first place we are focused on preventing problems with the regulators. Only if inevitable do we also litigate against the AFM and DNB. We do that as decisively as possible, but always fair and ‘on the content’. And, although we say so ourselves: regularly with success. Our expertise is based on practical experience gained – in part from the AFM itself. In addition, we believe it is important to give our expertise a more scientific basis. For example, we regularly publish and teach on subjects that are related to the enforcement of financial supervision law. We do that as decisively as possible, but always fair and ‘on the content’. And, although we say so ourselves: regularly with success. Our expertise is based on practical experience gained – in part from the AFM itself. In addition, we believe it is important to give our expertise a more scientific basis. For example, we regularly publish and teach on subjects that are related to the enforcement of financial supervision law. We do that as decisively as possible, but always fair and ‘on the content’. And, although we say so ourselves: regularly with success. Our expertise is based on practical experience gained – in part from the AFM itself. In addition, we believe it is important to give our expertise a more scientific basis. For example, we regularly publish and teach on subjects that are related to the enforcement of financial supervision law.