Regulatory Alerts2023-07-12
Added · Updated
Q&A on external auditors' notification and information duties for payment and electronic money institutions
External auditors of payment and electronic money institutions must promptly notify De Nederlandsche Bank N.V. (DNB) of any circumstances discovered during the audit that breach obligations under Section 3 of the Financial Supervision Act (Wft) or jeopardize the enterprise's existence. Auditors are also required to report any issues that would lead to a qualified opinion or refusal to issue an opinion on the truth and fairness of financial statements. Notifications must be sent directly to DNB via email to infobetaalinstelling@dnb.nl, and auditors are granted liability protection for such reports unless negligence is proven.
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