The Dutch Authority for the Financial Markets has broadened its simplified fine settlement procedure, allowing penalised parties to use the route by acknowledging the facts underpinning the fine decision rather than admitting the breach itself. De Nederlandsche Bank has introduced the same approach, meaning both supervisors will apply a single, consistent simplified procedure. Under the simplified settlement, the party accepts the fine and waives the right to lodge an objection or appeal; the AFM then issues an abbreviated fine decision and applies a 15% reduction to the fine amount. The AFM reports that around 20% of fine cases have been resolved via this route in recent years and that the adjustment reflects practical experience after four years of using the procedure.
Dutch Authority for the Financial Markets 2026-03-02
Dutch Authority for the Financial Markets expands simplified fine settlement procedure as De Nederlandsche Bank adopts the same approach
The Dutch Authority for the Financial Markets has expanded its simplified fine settlement procedure, allowing parties to acknowledge facts without admitting breaches, aligning with De Nederlandsche Bank's approach. This unified procedure includes a 15% fine reduction and waives the right to appeal. Approximately 20% of fine cases have been resolved through this method, reflecting four years of practical experience.