Delta Lloyd N.V.
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Publicatie datum
30 jan 2015 - 12:44
Statutaire naam
Delta Lloyd N.V.
Titel
Court suspends publication of DNB fine
Bericht
The Administrative Court (bestuursrechter) in Rotterdam established in summary proceedings yesterday, that the Dutch Central Bank (DNB) is not allowed to publish its resolution pre-emptively to impose an administrative fine on Delta Lloyd Levensverzekering NV. Among others, the Court decided that DNB's argument to disclose the resolution early, under Section 1:97 (1.b) of the Financial Supervision Act (Wet op het financieel toezicht - Wft), is not applicable. As a consequence, the resolution must remain confidential until full completion of the legal proceedings and a final decision has been rendered on the merits and the amount of the fine.
DNB's reason for publishing the resolution was that a legislative change effective from 1 August 2014[1] required it to make a pre-emptive announcement of its imposition of the fine. The Administrative Court rejected,
Datum laatste update: 16 oktober 2024