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This decree implements the Act on funding of financial
supervision, which outlines how the costs of the AFM and DNB will
be financed. Both the Act and the Decree will come into force on 1
January 2013.
The new funding system is based on a fixed government
contribution to the costs of financial supervisors. The manner in
which supervisor costs are passed on to the financial sector will
also change. Regulated institutions will be divided into
categories, and a percentage-based share in the funding for each
category will be set for a five year period.
The decree contains the criteria on the basis of which the
amounts charged to the regulated institutions will be determined.
In addition, the decree provides that the contributions for
entities that are found to fully participate in a self-regulating
system can be reduced.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.