Rule · DNB · 31 Jan 2013
De Nederlandsche Bank (DNB) decides on applications for exchange institution authorisation within 13 weeks, provided the application is complete and of sufficient quality. If DNB requests further data, the consideration period is suspended and recommences upon receipt of the requested information. Failure to provide sufficient supplementary information within the specified period may result in DNB deciding not to consider the application.
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In principle, De Nederlandsche Bank (DNB) decides on an application for authorisation of an exchange institution within 13 weeks. However, the actual consideration period depends on many factors. The quality and completeness of your application have a major bearing on the time required by DNB for assessment.
Published: 31 January 2013
Is your application incomplete or lacking in quality? If so, DNB will allow you an extra period to supplement the application.
Please note: As soon as DNB requests further data or information to supplement the application, the consideration period will be suspended and recommence on the date on which DNB receives the requested information. If no or insufficient supplementary information is received within the period specified, DNB may decide not to consider the application.
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