Regulatory Alerts2021-03-02
Added · Updated
Change in position
De Nederlandsche Bank (DNB) requires supervised institutions to notify it beforehand of changes in the division of duties between policymakers to determine if a fitness assessment for the new position is necessary. This assessment is mandatory when the new role entails an increase in duties and responsibilities, constituting a significant change in fitness requirements. The document specifies that such changes apply to board members in banks, insurers, pension funds, premium pension institutions, and issuer asset-referenced token entities, including nominations for chair roles or key function holders.
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