Legal framework of the financial reporting letters
Letter concerning request for (additional) detailed information
Under the Wet toezicht financiële verslaggeving (Financial Reporting Supervision Act or Wtfv), the AFM supervises compliance with financial reporting requirements by securities-issuing companies. We are entitled to ask questions when doubts arise about the correct application of financial reporting requirements as a result of evaluating publicly-known facts and conditions.
These questions are considered a request for further information. The relevant sections of our legislation can be found below.
Letter concerning notifications and recommendations
The AFM can write a notification in accordance with section 3 subsection 1 of the Wet toezicht financiële verslaggeving (Financial Reporting Supervision Act or Wtfv) when the AFM’s doubts about the correct application of financial reporting requirements have not been removed, despite further information provided.
The AFM has the possibility to accompany the notification by a recommendation. The relevant sections of our legislation can be found below.
Legislative context (Dutch language only)
By using the links below you will be connected to the website Dutch government websites (overheid.nl). On this site the relevant laws and regulations can be found albeit in the Dutch language.