NLD DNB UCITS Qualifying Holding


On Apr. 10, NLD DNB said UCITS managers must notify of holding.


  • NLD DNB explained that investment firms and managers of UCITS have the obligation to annually notify NLD DNB of the holders of a qualifying holding and must also notify DNB when a holder of a qualifying holding increases or decreases the interest.
  • Follows NLD DNB Oct. 2022 informed of declarations of no objection, see #150460.
  • Notification Obligation
  • Investment firms and UCITS managers are obliged to notify NLD DNB annually in July of holders of a qualifying holding in their institution, so that they are known to DNB.
  • Informed that this obligation is included in Article 3:103, third paragraph of the Wft.
  • NLD DNB called on investment firms, UCITS managers to comply with this obligation.
  • Organization charts submitted under Documents via organizational details on MyDNB.
  • Per para. two of Article 3:103 of the Wft, investment firms, UCITS managers can also be obliged to notify DNB when a holder of a qualifying holding increases/reduces its holding; this must be complied with by investment firms and UCITS managers.
  • Jun. 2024 Qualifying Holding Reporting
  • On Jun. 27, 2024, NLD DNB republished requirement for investment firm or managers of UCITS to report annually to NLD DNB on all of the holders of a qualifying holding in their institution, to the extent known to them, and ensure that this requirement is met.
  • Investment firms and managers of UCITS must all report to NLD DNB during Jul. 2024.
  • Organization charts can be placed in Documents via organization's details on MyDNB.
  • Under s 2 of article 3:103 of Wft, investment firms and managers of UCITS may also be obliged to report when a qualifying holder increases or reduces their own holding.
  • NLD DNB expects these obligations are met by UCITS investment firms and managers.

Regulators NLD DNB
Entity Types B/D; Bank; IA; Inv Co; OTC
Reference PR 6/27/2024; PR 4/10/2024; Wft (NLD)
Functions Compliance; Financial; Operations; Reporting; Risk; Treasury
Countries Netherlands
Category
State
Products Banking; Derivatives; Equity; Fund Mgt; Mutual Funds; Securities
Regions EMEA
Rule Type Final
Rule Date 4/10/2024
Effective Date 7/31/2024
Rule Id 207769
Linked to Rule :150460
Reg. Last Update 6/27/2024
Report Section EU

Last substantive update on 07/02/2024