The Ministry of Finance has established the charges for the supervision conducted by Netherlands Authority for the Financial Markets (AFM) for the year 2009. The AFM has published these today on its website. As of the second half of August, the AFM will send individual invoices to the financial institutions.
As usual, all interested sectoral and representative organisations were consulted during the run-up to the establishment of the rates. The rates are established on the basis of the AFM's budget for the relevant year and any operational discrepancies of the previous year.
The AFM supervises some 15,000 financial institutions with a budget of approximately 75 million Euros. Approximately two-thirds of the charges are passed on to the supervised institutions via the sectoral levy method, whereby each category pays for its own supervision. The other charges are met by means of a government contribution.
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.