Regulatory Alerts2022-12-23
Added · Updated
Declaration of incompetence of external auditor or actuary
De Nederlandsche Bank may declare an external auditor or actuary incompetent to issue statements under the Pensions Act and the Financial Supervision Act if they can no longer provide necessary guarantees for proper performance. This declaration applies to individual auditors or actuaries rather than partnerships and may result in a prohibition on issuing such statements for the specific supervised institution. The measure targets pension funds and financial institutions where the expertise and reliability of these professionals are critical for prudential supervision.
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