The Netherlands Authority for the Financial Markets (AFM) hereby announces that, on 15 April 2009, it imposed an order for incremental penalty payments on ParTrusT Beheer B.V. (Partrust).
The order for incremental penalty payments may increase from € 4,000 up to a maximum of € 80,000 for each day or part thereof that Partrust fails to comply with the order. In order to comply with order, Partrust will be obliged to provide its bond holders, to the extent that these are consumers within the meaning of the Civil Code, with information on the following:
- The percentage of the total sum paid by the investors that has actually been invested;
- The percentage of the net inflow in 2007 and 2008 of bond loans that was paid as interest and repayment to investors in 2007 and 2008;
- An overview of the cash flows realised in 2007 and 2008 from investments and loans.
If you have any questions or comments you can 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.