Regulatory Alerts2017-07-19
Added · Updated
DNO requirements and restrictions
The DNB or the ECB may attach specific requirements to Declarations of No-Objection (DNOs) or impose limitations and time limits on them to protect the interests defined in Part 3.3.11 of the Wft. If circumstances change after a DNO is issued, regulators may impose additional conditions, modify limitations, or revoke the declaration entirely. These measures apply to various DNO types, including those for qualifying holdings, group companies, and acts by banks or insurance companies.
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DNB or the ECB may attach requirements to the DNOs that are issued to you, or they may impose limitations or time limits on a DNO.
Published: 19 July 2017
DNB or the ECB may attach requirements to and/or impose limitations or time limits on issued DNOs with a view to the interests that part 3.3.11 of the Wft seeks to protect. Part 3.3.11 of the Wft specifies when an individual or company must apply for a DNO, and states the application assessment criteria.
Changed circumstances
If circumstances change, limitations may be imposed, or specific additional conditions may be attached after the DNO has been issued. The DNO can also be revoked if circumstances change.
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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