Regulatory Alerts2023-06-27
Added · Updated
Qualifying Holding Declaration of No Objection
Acquirers must obtain a Declaration of No Objection (DNO) from De Nederlandsche Bank (DNB) when acquiring or increasing a qualifying holding, defined as a direct or indirect shareholding or voting right of 10% or more. The DNO is required for bandwidths up to 20%, 30/33%, 50%, or 100%, with indirect holdings calculated using control and multiplication criteria. Applicants must follow a 10-step procedure and pay applicable fees to secure approval before exceeding these thresholds.
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