De Nederlandsche Bank (DNB) has imposed an administrative fine of EUR 28,710 on investment firm AFS E-Venues B.V. for repeatedly failing to meet statutory liquidity requirements. DNB identified five instances where AFS E-Venues did not meet the minimum liquidity requirement between 31 March 2024 and 10 February 2025. The decision applies DNB’s 20 February 2015 prudential capital shortfall enforcement policy, under which a second instance of non-compliance will in principle result in an administrative fine, and notes that shifting resources within the AFS Group around key cut-off dates delayed early identification of the shortfalls. AFS E-Venues later replenished its liquid assets and implemented measures to prevent recurrence, which DNB took into account when setting the fine. Interested parties can object within six weeks of 8 April 2026, with subsequent appeal routes through the courts and further appeal to the Trade and Industry Appeals Tribunal (CBb).
De Nederlandsche Bank 2026-04-16
De Nederlandsche Bank fines AFS E-Venues for repeated breaches of investment firm liquidity requirements
De Nederlandsche Bank has imposed an administrative fine of EUR 28,710 on investment firm AFS E-Venues B.V. for repeatedly failing to meet statutory minimum liquidity requirements between 31 March 2024 and 10 February 2025. The decision applies DNB’s prudential capital shortfall enforcement policy and notes that intra-group resource shifts delayed detection of the shortfalls, while subsequent remediation and preventive measures by AFS E-Venues were taken into account in calibrating the fine.