Events listed in Financial Supervision Act (Wft)
AFM onderzoekt vermogensscheiding bij derde pijler beleggingsproducten
ID 24239
The Dutch Authority for the Financial Markets (AFM) conducted an investigation into compliance with the Financial Supervision Act (Wft) regarding the transfer of tax-facilitated investment products within the third pillar. The findings of the investigation revealed that not all market parties possessed adequate licenses to hold customer funds. Furthermore, the AFM identified a **risk of commingling of assets when customer funds are temporarily held ...
Handvatten voor belegginsondernemingen voor melden incidenten
ID 23424
The Dutch Authority for the Financial Markets (AFM) has introduced guidelines for investment firms, AIFMs and management companies to improve incident notification practices. After conducting a detailed review, AFM identified several reasons for firms not adequately reporting incidents. The findings are presented in a report containing suggested best practices. Key observations from the review include: – Some firms lack well-defined policies and procedures for ...