2017-07-19
Added · Updated
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.
Factsheet
Read aloud
The statutory consideration period for a DNO application is 62 business days. The consideration period starts on the first business day after DNB has received the complete DNO application (all required information).
Published: 19 July 2017
After receiving your application, we will first verify whether you completed the form in full and attached all required documents. If your application is complete, you will receive confirmation and the consideration period starts. If your application is not complete, we will ask you to supplement it within a specified deadline. The consideration period will not start until we receive the lacking information. See also: How long will it take to consider my application for a DNO?
10 steps
The DNO application procedure breaks down into ten steps. We may for instance ask you to provide supplementary information (suspending the deadline for consideration) and schedule a meeting to discuss the details with you. We have prepared an overview of the steps you need to go through.
Standard of your application
The time we need to consider your application greatly depends on its standard and completeness and on the supplementary information that you provide. If this is insufficient, we may need more than 62 business days to come to a decision. This is because the consideration period only commences once we have received the information that is still lacking, or because we suspended the consideration period in connection with a request for supplementary information.
Success factors
We have listed a number of success factors that will help guarantee a smooth consideration procedure. Please let us know if you have any other tips and recommendations that we may add to the list.
Information Declaration of no-objection
Declaration of no-objection
Definition of qualifying holding
Qualifying holding
Bandwidth DNO
Declarations of no-objection (DNOs) for group companies
Umbrella DNO
Different types of DNO
DNO for shareholdings (Section 3:95 of the Wft)
DNO for acts of banks (Section 3:96 of the Wft)
DNO for acts of insurance companies (Section 3:97 of the Wft)
DNO for MiCAR (Articles 41 and 83 MiCAR)
Applying for a DNO
DNO application form and explanatory notes
DNO application procedure (10 steps)
DNO application time frame
DNO application fees
DNO application - success factors
General information
DNO requirements and restrictions
Publication in the Government Gazette
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