Supervision costs
The Dutch Authority for the financial Markets (AFM) promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Companies that are active as such on the Dutch financial Markets can be legally bound to pay for the costs of supervision.
There are 2 types of charges:
- Retributions for the performance of a specific activity, such as the granting of a license or an exemption. This is an annually determined fixed amount for each type of service. Fixed amounts are not subject to VAT.
- Levies for continuous supervision. This may be a fixed amount per institution, with the possible addition of a variable amount based on a charge criterion (such as the average market capitalization at securities issuing companies). These levies are also annually determined. Levies are not subject to VAT.
Appeals and objections
If you do not agree with the contribution you have to pay, you have six weeks in which to submit an objection. Use the standard form for submitting an objection for this purpose. You are still obliged to pay the contribution during the objection procedure.
Send your objection by post to:
The Dutch Authority for the Financial Markets
attn. Legal Affairs
Postbus 11723
1001 GS Amsterdam
You may submit your objection to the AFM by e-mail. Please follow the requirements for submitting an objection by e-mail. One of these requirements is that objections sent by e-mail must be addressed to heffingenbezwarenbox@afm.nl.