On Feb. 12, NLD AFM launched survey for over 6,100 intermediaries.
A Market Monitor for advisors & intermediaries (MMAB) will start filing from Feb. 17, 2025, and this mandatory digital questionnaire will give better insight into the market.
MMAB Overview
Completing the MMAB is mandatory for advisors and intermediaries and information allows NLD AFM to focus supervision and help to improve the quality and confidence.
With the MMAB, NLD AFM requests various company-specific data, and it is important that all permit holders have their business operations in order, as every firm, both small and large, must be in control of its organizational structure and management.
NLD AFM is splitting the total group of over 6,100 advisors and intermediaries who must complete the digital questionnaire into 3 groups, with letters issued to confirm.
MMAB questionnaire also contains benchmark for contribution to costs of continuous supervision 2025, based on turnover from activities the permit requirement applies.
In context of levies, NLD AFM believe it is important to enter the turnover as accurately as possible, which is why it is no longer possible to provide estimates for the turnover.
Questionnaire Completion
Advisors and intermediaries complete the MMAB via their account on the AFM Portal.
Firms can already view a PDF version of the complete questionnaire, which contains more questions than the digital version, with the digital version being firm specific.
Login page of the NLD AFM Portal contains a manual explaining how to register on the Portal, and all groups are given 4 weeks from the start date to complete questionnaire.
NLD AFM has also provided access to an an overview of all frequently asked questions.
Effectiveness
The first group of advisors and intermediaries can complete the questionnaire from Feb, 17, 2025, group 2 can do so from Feb. 24, 2025, and group 3 from Mar. 3, 2025.
Groups are given 4 weeks from start to complete questionnaire, ending Mar. 31, 2025.
