DNO application time frame

Factsheet

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When submitting and application for a DNO to DNB, you should bear in mind the following processing times. The time between submitting your application and receiving DNB's decision differs for each application.

Published: 02 March 2017

The statutory consideration period for your 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).

We have learned from experience that the total application processing time tends to exceed 62 business days. This is because the consideration period will not start until we receive all required documents.

The consideration period for your application may also be extended once by a maximum of 30 business days if we need supplementary information to complete our assessment. We will then ask you to supply the additional information. The consideration period will resume from the first business day after we receive all the requested information. If you do not supplement your application on request, or not sufficiently so, we may decide to cease consideration of your application within four weeks.

Standard of your application

The time we need to process your application greatly depends on its quality standard and completeness and the supplementary information that you provide. Generally speaking, we can say that the better the quality standard of your submitted application (both on content and completeness), the quicker we can process it.

Incomplete or incorrect information are a cause for rejecting your application. The assessment uses the concept of lex silencio positivo, meaning that the DNO will be assumed to have been issued by force of law if the consideration period is exceeded.

Contact

If you are considering submitting an application for a DNO, please feel free to contact our Expert Centre on Market Access, or your supervisor at DNB to announce your application, verify the expected throughput time and the required information to be submitted. You can contact the expert centre at:
markttoegang@dnb.nl
.

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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