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Prohibition on operating as a bank without a licence

Relevant for:
ban
Validity:
valid 
Date:
1 april 2017
Status
Factsheet
Reference:
02046
Author:
DNB

If you do not hold a licence from the European Central Bank (ECB), you are not permitted to pursue the business of a bank in the Netherlands pursuant to Section 2:11 of the Financial Supervision Act (Wet op het financieel toezicht - Wft).

We pursue a policy of active enforcement and perform checks at regular intervals. If you pursue the business of a bank without a licence or statutory exception, DNB can take several enforcement measures, including issuing cease and desist orders and imposing administrative fines.

Economic offence
Non-compliance with the Financial Supervision Act constitutes a criminal offence under the Economic Offences Act, which we can report to the public prosecutor's office.

Information on applying for a licence as a bank

  • Licence as a bank - overview

Licence, yes or no?

  • Definition of a bank
  • Activities requiring a licence

Applying for a licence

  • a - Application form and explanatory notes
  • b - Application process (12 steps)
  • c – Application processing timelines
  • d - Application fees
  • e - Application success factors

Background information

  • Prohibition on operating as a bank without a licence
  • Dispensation from prohibition on takingrepayable funds
  • Public register
  • Foreign banks

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  • Regulations establishing European Supervisory Authorities
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