Prohibition on operating as a trust office without a licence

Factsheet

Read aloud

If you do not hold a licence from DNB, you are not permitted to provide trust services. This follows from Section 3 of the Act on the Supervision of Trust Offices 2018 (Wet toezicht trustkantoren, Wtt 2018). The prohibition does not apply if you qualify for exemption.

Published: 01 April 2017

Enforcement policy

DNB conducts an active enforcement policy including regular inspections. If we find that you are providing unlicensed trust services, we have several enforcement measures that we can impose, including issuing cease-and-desist orders and imposing administrative fines.

Economic offence

A violation of the Wtt 2018 is a criminal offence under the Economic Offences Act, which we can report to the public prosecutor's office.

Information on applying for a licence as a trust office

Vergunning trustkantoren – overzichtspagina

Authorisation, yes or no?

Licence: yes or no?

What are trust services?

Providing trust services in a professional capacity or on a commercial basis

Exemption from the licence requirement

Applying for authorisation

Licence application form including explanatory notes

Application process (10 steps)

Application process timeline

Application fees

How to apply successfully

Background information

Prohibition on operating as a trust office without a licence

Public register

Statutory framework governing market access for trust offices

Discover related articles

Factsheet

Integrity & sanctions

Market access

Trust offices

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