De Nederlandsche Bank (DNB) imposed an administrative fine of EUR 10,125 on the investment firm BondAuction Europe B.V. for repeatedly failing to maintain sufficient own funds, following two breaches of the minimum capital requirement within a 25-month period. DNB found BondAuction did not meet its minimum capital requirement of EUR 75,000 from 14 March 2024 to 6 December 2024 and from 31 March 2025 to 1 May 2025. Under DNB’s Enforcement Policy on Prudential Capital Shortfall of 20 February 2015, a fine is in principle imposed upon a second infringement of the capital requirement. BondAuction ultimately remedied the shortfalls by converting loans into a share premium reserve, and DNB took into account measures the firm implemented to prevent recurrence; DNB also noted that BondAuction did not provide services to clients during the periods of violation. The decision becomes final if no legal remedies are lodged. Interested parties can object within six weeks of the decision date, with further appeal routes available through the courts and, subsequently, the Trade and Industry Appeals Tribunal.
De Nederlandsche Bank 2026-03-06
De Nederlandsche Bank fines BondAuction Europe EUR 10,125 for repeated own-funds shortfalls
De Nederlandsche Bank (DNB) fined BondAuction Europe B.V. EUR 10,125 for failing to maintain sufficient own funds, breaching the minimum capital requirement twice within 25 months. BondAuction addressed the shortfalls by converting loans into a share premium reserve, and DNB acknowledged measures taken to prevent future violations. The decision is subject to appeal within six weeks, with further legal recourse available.