RegAlertRule · DNB · 19 Jul 2017
DNO for shareholdings (Section 3:95 of the Wft)
Acquiring or expanding a qualifying holding in specific financial institutions requires prior consent from the Dutch Central Bank (DNB) or the European Central Bank (ECB). A Declaration of No-Objection (DNO) is mandatory for entities such as banks, insurance companies, investment firms, and payment institutions. Separate DNOs are required for each qualifying holding unless the applicant qualifies for a group DNO. Banks specifically require DNO approval from the ECB, while all other listed financial institutions require approval from DNB.
Factsheet
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Under certain circumstances you or your company will need prior consent from DNB to acquire a qualifying holding in a financial enterprise. In specific cases, you must also apply for a DNO if you wish to expand a shareholding in a financial enterprise.
Published: 19 July 2017
If you plan to acquire or expand a qualifying holding in the following financial institutions (target companies), you may need a declaration of no-objection (DNO).
Settlement agent
Bank
Manager of an undertaking for collective investment in transferable securities (UCITS)
Investment firm
Electronic money institution
Special purpose reinsurance vehicle
Financial institution with a certificate of supervised status
Defined contribution pension institution
Insurance or re-insurance company
Payment institution
Our Open Book pages on market access will give you more information on these different types of institutions.
A shareholding in a bank
If you plan to acquire or expand a qualifying holding in a bank, you will need a DNO from the ECB. All other financial institutions need approval from DNB. You will need separate DNOs for each qualifying holding, except where you qualify for a group DNO.
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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Source: De Nederlandsche Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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