Regulatory Alerts2013-12-17
Added · Updated
Branch outside the Netherlands
Payment processing service providers with a registered office in the Netherlands must obtain prior approval from De Nederlandsche Bank (DNB) to operate a branch outside the Netherlands for customers not belonging to the same group. DNB will grant approval within three months of receiving the application if the requirements laid down by or pursuant to order in council are fulfilled, unless the agent's business conduct or financial position is deemed inadequate.