Regulatory Alerts2023-06-09
Added · Updated
Order subject to penalty under the Wft, Pw, Wtt, Wwft and Sw
The document defines an order subject to penalty as a remedial sanction requiring legal entities or natural persons to do or refrain from doing something to remedy or prevent offenses under the Wft, Pw, Wtt, Wwft, and Sw. It specifies that failure to comply by the deadline results in the forfeiture of penalties, which may be imposed as lump sums or per instance of non-compliance. The text outlines the procedural rights for parties to state their views and appeal decisions to the Rotterdam District Court and the Trade and Industry Appeals Tribunal. It further details mandatory disclosure requirements for these decisions, including conditions for postponement, anonymization, or non-disclosure based on proportionality and financial system stability.