Banking and Securities Regulation in the Netherlands

Name: Banking and Securities Regulation in the Netherlands
Brand: Kluwer Law International
Price: 84.99 EUR
Availability: OnlineOnly

Bas Jennen Niels van de Vijver(Herausgeber*in)

Kluwer Law International (Verlag)

Erschienen am 27. August 2010

216 Seiten

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978-90-411-4237-5 (ISBN)

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Inhalt

Intro
Title Page
Copyright Page
Table of Contents
Foreword
Preface
Chapter 1 Banking Regulation
1. General Introduction
1.1 The Dutch Regulatory Framework
1.2 The Banking Environment in the Netherlands
1.3 DNB
1.4 The AFM
1.5 Cooperation between Supervisors
2. The Financial Supervision Act (WFT)
2.1 Introduction to the WFT
2.2 The European Basis of the WFT
2.2.1 The Deposit Guarantee Scheme Directive
2.2.2 The Financial Conglomerates Directive
2.2.3 The Recast Banking Directive and the Recast Capital Adequacy Directive
3. Market Access of Banks
3.1 The Concept of "Bank"
3.1.1 Business
3.1.2 Repayable Funds
3.1.3 Professional Market Party
3.1.4 A Restricted Circle
3.1.5 Grant Credits for its own Account
3.1.6 Finance Companies
3.1.7 Exemption for Group Finance Companies
4. Credit Institutions Established in the Netherlands
4.1 Licence Application
4.2 Licence Requirements
4.2.1 Management
4.2.2 Sound Business Operations
4.2.3 Control Structure
4.2.4 Controlled Business Operations
4.2.5 Consolidated Supervision
4.2.6 Own Funds
4.2.7 Solvency
4.2.8 Liquidity
4.2.9 Other Licence Requirements
4.3 Licensing Procedure
4.4 Modification, Withdrawal or Limitation of a Licence
4.5 European Passport
4.5.1 Branch
4.5.2 Cross-border Services
4.5.3 Non-compliance
4.6 The Carrying on of Activities outside the EEA
5. Prudential Supervision
5.1 Own Funds
5.2 Solvency Supervision
5.2.1 Regulatory Capital
5.2.1.1 Core Capital
5.2.1.2 Additional Capital
5.2.1.3 Other Capital
5.2.2 Minimum Amount of the Regulatory Capital
5.2.2.1 Pillar 1
5.2.2.2 Pillar 2
5.2.2.3 Pillar 3
5.2.3 Large Exposures
5.3 Consolidated Supervision
5.4 Envisaged Changes to Capital Requirements for Banks
5.5 Liquidity Supervision
5.6 Supervision of the Administrative Organisation and Internal Controls
5.6.1 Controlled and Sound Business Operations
5.6.1.1 Sound Business Operations
5.6.1.2 Controlled Business Operations
5.6.1.3 Risk Management
5.6.2 Outsourcing
5.6.3 Corporate Governance
5.6.4 Role of the Bank's External Auditor
5.6.4.1 Auditor's Task
5.6.4.2 Auditor's Reporting Obligation
6. Conduct of Business Supervision
6.1 Complaints Procedure
6.2 Information Obligation
6.3 Financial Information Leaflet
6.4 Credit Prospectus
6.5 Duty of Care
6.5.1 Offering Credit
6.5.2 Advising and Performing Portfolio Management Activities
6.5.3 Unsolicited Communications
6.6 Commission
6.7 Market Conduct Aspects of the Operations
7. Regulatory Approvals and Notifications
7.1 Declaration of no Objection
7.1.1 Qualifying Holdings in Banks
7.1.2 Actions of Banks
7.1.3 Application Procedure
7.1.4 Notifying Obligation
7.2 Liquidation or Winding-up
7.3 Notifications
8. Credit Institutions Established outside the Netherlands
8.1 Credit Institutions Established in other Member States
8.1.1 Branch
8.1.2 Cross-border Services
8.1.3 Supervision and Enforcement
8.2 Credit Institutions Established outside the EEA
8.2.1 Branch
8.2.1.1 Licence Application
8.2.1.2 Licence Requirements
8.2.2 Cross-border Activities
9. Supervisory Powers and Enforcement
9.1 Supervision
9.2 Duty of Confidentiality and Exchange of Information
9.3 Enforcement
9.3.1 Instruction
9.3.2 Appointment of a Trustee
9.3.3 Cease and Desist Order
9.3.4 Administrative Fine
9.3.5 Public Warning
9.3.6 Special Prudential Measures
9.3.7 Modification, Withdrawal or Limitation of the Licence, DNO or Dispensation
9.3.8 Emergency Regulation
9.4 Procedure and Legal Remedies
9.5 Criminal Liability
9.6 Civil Liability
10. Miscellaneous
10.1 Deposit Guarantee Scheme
10.2 Prohibition to Receive Repayable Funds
10.3 Protection of the Term "Bank"
10.4 Bank Secrecy
10.5 Act on the Prevention of Money Laundering and Financing of Terrorism
10.5.1 Introduction
10.5.2 CDD Requirements
10.5.3 Reporting Requirements
10.5.4 EC Regulation 1781/2006
10.5.5 Supervision and Enforcement
10.5.6 Criminal Liability
10.6 Sanctions Regulation
10.6.1 Freezing of Funds or Economic Resources
10.6.2 Measures against the Provision of Financial Services
10.6.3 Supervision and Enforcement
10.6.4 Criminal Liability
Chapter 2 Securities Regulation
1. General Introduction
1.1 General
1.2 The Securities Markets
1.3 The Authority for the Financial Markets
1.4 Sources of Securities Law: Financial Supervision Act (WFT)
1.5 Harmonisation of European Securities Law
1.5.1 Stock Exchange Admission Directive
1.5.2 Prospectus Directive
1.5.3 Transparency Directive
1.5.4 Investment Undertakings or UCITS Directive
1.5.5 Market Abuse Directive
1.5.6 Recast Banking Directive
1.5.7 Markets in Financial Instruments Directive (MiFID)
1.6 Definition of Securities and Financial Instruments
2. Regulation of Securities Offerings
2.1 Introduction
2.2 Primary Market Restrictions
2.2.1 Prohibition
2.2.2 PD Securities
2.2.3 Issue of a Prospectus
2.2.3.1 General
2.2.3.2 Contents of Prospectus
2.2.3.3 Publication of Prospectus
2.2.3.4 Prospectus Supplement
2.2.3.5 Advertising Rules
2.2.4 The European Passport
2.2.4.1 Introduction
2.2.4.2 Passporting from the Netherlands
2.2.4.3 Passporting to the Netherlands
2.2.5 Exceptions/Exemptions
2.2.5.1 General
2.2.5.2 Exceptions/Exemptions for Public Offer and Admission to Trading
2.2.5.3 Exceptions/Exemptions in case of Public Offer Only
2.2.5.4 Exceptions/Exemptions in case of Admission to Trading
2.2.6 Sanctions
2.3 Civil Liability for a Prospectus
2.3.1 Liability of the Issuer
2.3.2 Liability of the Lead Manager
3. Regulation of Publicly Held Companies
3.1 Introduction
3.2 Listing on Euronext Amsterdam
3.2.1 General
3.2.2 Admission Procedure
3.2.3 Prospectus
3.3 Continuing Obligations
3.3.1 General
3.3.2 Annual Financial Reports
3.3.3 Half-yearly Financial Reports
3.3.4 Interim Management Statements
3.3.5 Other Continuing Obligations
3.3.6 Exemptions from Periodic Reporting Requirements
3.4 Major Holdings Disclosure
3.4.1 Introduction
3.4.2 Notification and Publication
3.4.3 Types of Holding
3.4.4 Exemptions
3.4.5 Sanctions for Violations
3.4.5.1 Criminal Sanctions
3.4.5.2 Civil Sanctions
4. Regulation of the Securities Business
4.1 Investment Firms
4.1.1 Definition
4.1.2 Prohibition
4.1.3 Licence
4.1.3.1 Management
4.1.3.2 Sound Business Operations
4.1.3.3 Control Structure
4.1.3.4 Controlled Business Operations
4.1.3.5 Own Funds
4.1.3.6 Solvency
4.1.4 Prudential Supervision
4.1.5 Continuing Licence Obligations
4.1.5.1 Organisational Requirements
4.1.5.2 Outsourcing
4.1.5.3 Transaction Reporting
4.1.5.4 Conflicts of Interest
4.1.5.5 Conduct of Business Rules
4.1.6 Exemptions
4.1.7 European Passport
4.1.8 Tied Agents
4.2 Qualifying Holdings in an Investment Firm
4.3 Securities Exchanges
4.3.1 General
4.3.2 Admission
4.3.3 Euronext Amsterdam by NYSE Euronext
4.3.3.1 General
4.3.3.2 Markets and Securities
4.3.3.3 Trading
4.3.3.4 Clearing and Settlement
4.3.3.5 Necigef/Euroclear Netherlands
4.3.4 Euronext Amsterdam's Derivatives Market
4.3.5 The Dutch Government Bonds Market
5. Regulation of Investment Undertakings
5.1 Introduction
5.2 Types of Investment Undertakings
5.3 Prohibition
5.4 Licence
5.4.1 Licence Requirements
5.4.1.1 General
5.4.1.2 UCITS Type Investment Undertakings
5.4.2.2 Foreign Investment Undertakings
5.4.2 Continuing Obligations
5.5 Exemptions
5.6 Voluntary supervision
5.7 Recognition of UCITS
5.8 Sanctions
6. Antifraud Provisions
6.1 Market Abuse
6.1.1 Introduction
6.1.2 Inside Information
6.1.3 Insider Trading
6.1.3.1 Prohibition
6.1.3.2 Exemptions
6.1.3.3 Sanctions
6.1.4 Tipping-off
6.1.4.1 Prohibition
6.1.4.2 Exemptions
6.1.4.3 Sanctions
6.1.5 Market Manipulation
6.1.5.1 Prohibition
6.1.5.2 Exemptions
6.1.5.3 Sanctions
6.1.6 Disclosure Obligations
6.1.6.1 Obligation
6.1.6.2 Exemptions
6.1.6.3 Sanctions
6.1.7 Insider List
6.1.7.1 Obligation
6.1.7.2 Exemptions
6.1.7.3 Sanctions
6.1.8 Transaction Notification
6.1.8.1 Obligation to Notify Transactions
6.1.8.2 Exemptions
6.1.8.3 Sanctions
6.1.9 Notification Requirement of Suspicious Transactions
6.1.9.1 Obligation
6.1.9.2 Exemptions
6.1.9.3 Sanctions
6.1.10 Insider Regulation
6.1.10.1 Obligation
6.1.10.2 Sanctions
6.1.11 Investment Recommendations
6.1.11.1 Obligation
6.1.11.2 Exemptions
6.1.11.3 Sanctions
6.1.12 Civil Liability
6.2 Savings Certificates Act
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