The AFM imposes an order for incremental penalty payments on Mr A.H. Bonefaas (Universeel Hypotheken)

The Netherlands Authority for the Financial Markets (AFM) hereby announces that, on 3 April 2009, it imposed an order for incremental penalty payments on Mr A.H. Bonefaas also trading under the name Universeel Hypotheken.

The order was imposed because Universeel Hypotheken has failed to comply with the requests for information from the AFM. The AFM has requested information from Universeel Hypotheken, because it suspects that this institution has provided financial services without the required licence from AFM in the period of 30 November 2007 to 24 November 2008. On 24 November 2008, the AFM granted Universeel Hypotheken a licence for mediating in mortgage loans and nonlife insurance and for providing advice on rights of participation in investment institutions.

Universeel Hypotheken did not supply the requested information by the deadline and is therefore required to make incremental penalty payments. In addition, the information requested must still be provided to the AFM.

If you have any questions or comments you can also contact the Financial Markets Information Line on: 0900 - 5400 540 (0,05 euro per minute) or from abroad +31 20 797 3715.

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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