Regulatory Alerts2017-07-19
Added · Updated
DNO application procedure (10 steps)
The statutory consideration period for a Declaration of No-Objection (DNO) application is 62 business days, commencing on the first business day after De Nederlandsche Bank (DNB) receives a complete application with all required information. If an application is incomplete, DNB requests supplementary information within a specified deadline, and the consideration period does not start until this information is received. The procedure consists of ten steps, during which DNB may suspend the deadline to discuss details or request further data, potentially extending the total time required for a decision.
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