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The AFM imposes an order for incremental penalty payments on Scan Financieringen B.V.

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On 3 July 2009, Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on: Scan Financieringen B.V., PO Box 691 (7550 AR) in Hengelo (correspondence address).

The order for incremental penalty payments was imposed because Scan Financieringen B.V. fails to comply with the repeated requests from the AFM to cease and refrain from providing brokerage services, as referred to in Article 2:80 of the Wft, and to confirm to the AFM that the brokerage services have been ceased. The AFM has requested Scan Financieringen B.V. to cease and refrain from providing brokerage services, because Scan Financieringen B.V. does not possess the AFM licence required for that purpose. Scan Financieringen B.V. failed to comply with abovementioned order of the AFM and is therefore required to make incremental penalty payments.

If you have any questions or comments you can also contact the Financial Markets Information Line on: 0900-5400 540 (5 eurocents per minute).

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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