Regulatory Alerts2019-02-25
Added · Updated
Cross-border activities of Dutch pension funds
Dutch pension funds are permitted to operate pension schemes in other EU Member States provided they hold a license under Section 125 of the Pensions Act and guarantee sound and ethical operational management. Before commencing cross-border activities, funds must notify De Nederlandsche Bank (DNB) with specific details regarding the applicable Member State, the contributing company, and the scheme's key features. DNB assesses the fund's administrative and financial capacity before forwarding the notification to the host Member State's supervisory authority, which then provides information on applicable social and labour laws that the fund must adhere to.
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