The AFM imposes an order for incremental penalty payments on Holding Cinjee Advies

On 20 June 2011, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on Holding Cinjee Advies B.V. (Cinjee), Kubus 152 (3364 DG) in Sliedrecht. The order for incremental penalty payments was imposed because Cinjee has failed to comply in full with the request for information from the AFM. Cinjee was requested to provide information because the suspicion exists that Cinjee acts contrary to Article 4:9, 4:10, 4:15 and Article 4:23 of the Financial Supervision Act (Wft).

The original term of the order for incremental penalty payments expired on 27 June 2011. Prior to the publication, Cinjee requested the AFM to grant an extension of the term set. In this specific case, the AFM extended the term by two weeks. As a result of this extension, Cinjee was to comply in full with the order for incremental penalty payments on 11 July 2011 at the latest.

Cinjee did not provide all the requested information and is therefore required to make incremental penalty payments. The requested information still needs to be provided to the AFM.

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.

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