Regulation by the AFM

The AFM has a number of different ways in which it regulates financial institutions that offer credit:

  1. Granting licences. Lenders must have a licence from the AFM, for which they must meet certain requirements. If an institution does not have the correct licence the AFM can impose sanctions.
  2. Controls: AFM employees regularly visit institutions to check that they work according to the applicable laws and regulations.
  3. Ensuring that consumers are properly informed. For example, if an advertisement breaks the rules, the AFM can intervene and if necessary impose sanctions.

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