A securitisation is subject to supervision in the Netherlands if at least one of the following four parties is established in the Netherlands:
- the originator
- the sponsor
- the original lender
- the SSPE
Securitisations with an originator, sponsor or original lender licenced by DNB are supervised by DNB. All other securitisations fall under the supervision of the AFM. Securitisations may be supervised by multiple EU/EEA countries simultaneously.