Regulatory Alerts2017-04-01
Added · Updated
Prohibition on operating as a trust office without a licence
Entities are prohibited from providing trust services in a professional or commercial capacity without holding a licence from De Nederlandsche Bank (DNB), as mandated by Section 3 of the Act on the Supervision of Trust Offices 2018. This prohibition applies unless the entity qualifies for a specific exemption. Violations constitute a criminal offence under the Economic Offences Act and may result in enforcement measures such as cease-and-desist orders, administrative fines, or reporting to the public prosecutor.
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