Regulatory Alerts2022-01-20
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Application process for credit institution authorization
This document outlines the 12-step procedure for credit institutions seeking authorization from the Dutch Central Bank (DNB) and the European Central Bank (ECB). The process begins with informal consultations and draft submissions, followed by a formal application that triggers a 26-week consideration period. DNB verifies completeness, screens policymakers for suitability, and may suspend the timeline if additional information is required. The procedure concludes with DNB preparing a draft decision for ECB assessment, after which the final authorization decision is communicated to the applicant.
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