Regulatory Alerts2025-06-30
Added · Updated
Q&A on supervisory board independence – Payment institutions
Payment institutions must ensure their supervisory boards possess independence of mind, appearance, and form to satisfy organizational structure requirements under Section 17 of the Bpr and fitness assessments under Section 3:8 of the Wft. DNB will assess formal independence using EBA/ESMA Guidelines as a starting point, requiring at least 50% formally independent members when group structures, dominant shareholders, or non-EEA parents create conflicting interests. Institutions may propose alternative compliance methods under the comply-or-explain principle, provided they demonstrate that their governance ensures sound and ethical operational management.
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