The Dutch Central Bank imposed a EUR 59,770 administrative fine on investment firm GMG Europe B.V. on June 22, 2026, after finding that it repeatedly failed to meet its minimum own funds requirement. The fine reflects three breaches over a 25-month period and was set under the capital shortfall enforcement policy applicable at the time. GMG recorded shortfalls of EUR 86,457 from Dec. 31, 2023, to Jan. 18, 2024, EUR 18,730 from March 31 to April 29, 2024, and EUR 76,219 from Dec. 31, 2024, to Feb. 27, 2025. The applicable minimum capital requirement was EUR 75,000 during the first period and EUR 150,000 during the latter two periods. Shareholder capital contributions ultimately remedied the shortfalls, and the regulator considered GMG’s measures to prevent recurrence when setting the fine.
2026-09-07De Nederlandsche Bank
Dutch Central Bank fines GMG Europe EUR 59,770 for repeated own funds shortfalls
The Dutch Central Bank fined GMG Europe B.V. EUR 59,770 for repeatedly breaching minimum own funds requirements over a 25-month period. Three shortfalls ranging from EUR 18,730 to EUR 86,457 were ultimately remedied through shareholder capital contributions.