The AFM imposes an order for incremental penalty payments on Qfin Solutions B.V.


Update 16 October 2012: address removed.

On 5 June 2012, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on Qfin Solutions B.V., trading under the name Hypotheek Advies Delft, for failing to comply with requests for information from the AFM. Information was requested, because the suspicion exists that Hypotheek Advies Delft fails to comply with the requirements of the Financial Supervision Act, including those pertaining to expertise, trustworthiness and controlled and ethical business operations.

Hypotheek Advies Delft holds an AFM licence. This is why it has to ensure that business operations are controlled and ethical and that policy is determined by persons whose trustworthiness is beyond any doubt. The AFM has reason to suspect that Hypotheek Advies Delft does not comply with these statutory requirements. The AFM requires the information that is requested in order to determine whether the Financial Supervision Act has indeed been violated.

Hypotheek Advies Delft has failed to provide part of the requested information within the term set and is therefore required to pay the incremental penalty payments. Part of the requested information still needs to be provided to the AFM. The incremental penalty payments will increase by €4,000 for every day Hypotheek Advies Delft fails to comply with the order, subject to maximum of €80,000.

The AFM calls on the public to share information on Hypotheek Advies Delft with the AFM. If you wish to do so, you can contact the Financial Markets Information Line on: 0800-5400 540 (free of charge).

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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