Notification of retirement of policymakers or co-policymakers
When a policymaker or co-policymaker will retire from their current position, you must notify the AFM of this.
Notification of retirement at an audit firm with a regular licence
When a policymaker or co-policymaker will retire from their current position, you must notify the AFM of this in our AFM Portal. If this policymaker is to be replaced, you must apply for a trustworthiness assessment of the prospective new policymaker by the AFM before this person is appointed. You must ensure that, following notification of the retirement of a policymaker, the majority of your audit firm’s day-to-day policymakers still meet the professional competence requirements for external auditors (registered accountant (registeraccountant, RA) or accounting consultant (accountant-administratieconsulent, AA)).
Notification of retirement at a PIE audit firm
When a member of one of the management bodies or of the supervisory board of a PIE audit will retire from this body, the AFM must be notified of the retirement of this policymaker or co-policymaker. This must be reported in our AFM Portal using the relevant form. If this policymaker is to be replaced, you must apply for a trustworthiness assessment and a suitability assessment of the prospective new policymaker by the AFM before this person is appointed.
The retirement of the policymaker may lead to changes in the division of duties, authorities and responsibilities within the management body or supervisory board of which this person is a member. In that case, you must reformulate the division of responsibilities within the management body or supervisory board as described in the AFM’s suitability matrix and resubmit this matrix to the AFM. We will then assess whether the management body or supervisory board as a whole still meets the suitability requirements. You must ensure that, following notification of the retirement of a policymaker, the majority of your audit firm’s day-to-day policymakers still meet the professional competence requirements for external auditors (chartered accountant (registeraccountant, RA) or accounting consultant (accountant-administratieconsulent, AA)).