The organisation

The Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten - AFM) was set up on 1 March 2002 as the successor to the Securities Board of the Netherlands (Stichting Toezicht Effectenverkeer - STE).

The AFM falls under the political responsibility of the Minister of Finance. The AFM is an autonomous administrative authority (zelfstandig bestuursorgaan -  ZBO), which means that the AFM operates autonomously although its powers are set by the Minister of Finance.

The AFM office is located in Amsterdam, the centre of the Dutch financial world. Approximately 500 people work there. The AFM is managed by an Executive Board, which is chaired by R. Gerritse. The Executive Board is accountable to a Supervisory Board.