Guidance · DNB · 19 Jul 2017
A Bandwidth Declaration of No-Objection (DNO) allows the size of a qualifying holding to vary within a specified range without requiring a new or amended DNO application. Applicants for a DNO under Sections 3:95 and 3:96 of the Wft may choose from four available bandwidths: 10-20%, 10-33%, 10-50%, and 10-100%. This option provides flexibility for shareholding adjustments within the defined limits.
Factsheet
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A bandwidth will be attached to a DNO for the acquisition and ownership of a qualifying holding.
Published: 19 July 2017
With a bandwidth DNO, the size of the qualifying holding may vary within the specified bandwidth without the need to apply for a new or amended DNO. When you are applying for a DNO as referred to in Sections 3:95 and 3:96 of the Wft you will have a choice between different bandwidths.
The DNO for a qualifying holding under Section 3:96 of the Wft also offers the option to apply for a DNO for a fixed percentage shareholding. The following bandwidths are available.
10-20%
10-33%
10-50%
10-100%
Information Declaration of no-objection
Declaration of no-objection
Definition of qualifying holding
Qualifying holding
Bandwidth DNO
Declarations of no-objection (DNOs) for group companies
Umbrella DNO
Different types of DNO
DNO for shareholdings (Section 3:95 of the Wft)
DNO for acts of banks (Section 3:96 of the Wft)
DNO for acts of insurance companies (Section 3:97 of the Wft)
DNO for MiCAR (Articles 41 and 83 MiCAR)
Applying for a DNO
DNO application form and explanatory notes
DNO application procedure (10 steps)
DNO application time frame
DNO application fees
DNO application - success factors
General information
DNO requirements and restrictions
Publication in the Government Gazette
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