Umbrella DNO for Banks

Factsheet

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Banks can apply for an umbrella declaration of no-objection (umbrella DNO) for all indirect holdings acquired or to be acquired through a company or subsidiary company.

Published: 19 July 2017

Umbrella DNOs are only possible for banks acquiring or expanding a qualifying holding in a target company under Section 3:96 of the Wft. An umbrella DNO not only covers the qualifying holding your bank wishes to acquire in the target company, but also the qualifying holdings that the target company in question already has acquired or intends to acquire.

Information Declaration of no-objection

Declaration of no-objection

Definition of qualifying holding

Qualifying holding

Bandwidth DNO

Declarations of no-objection (DNOs) for group companies

Umbrella DNO

Different types of DNO

DNO for shareholdings (Section 3:95 of the Wft)

DNO for acts of banks (Section 3:96 of the Wft)

DNO for acts of insurance companies (Section 3:97 of the Wft)

DNO for MiCAR (Articles 41 and 83 MiCAR)

Applying for a DNO

DNO application form and explanatory notes

DNO application procedure (10 steps)

DNO application time frame

DNO application fees

DNO application - success factors

General information

DNO requirements and restrictions

Publication in the Government Gazette

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