The assessment of the propriety form you have completed is a fixed part of the propriety review carried out by the AFM. The AFM requests information from (among others) DNB or other (non-Dutch) supervisors (for supervisory records), the National Public Prosecutor (for criminal records) and the Tax & Customs Administration (for tax-law records).
We also retrieve information from public sources such as the Chamber of Commerce and carry out a bankruptcy check (for financial records). In addition, the AFM uses internal supervisory information and records such as formal and/or informal supervisory measures, where applicable.
In addition to assessing for propriety, the AFM also assesses you for fitness if you are to become a person in charge of day-to-day policy or a supervisory board member. On the basis of the information provided by the applicant, the AFM assesses the extent to which you are fit for the position to which the proposed appointment relates. Fitness means knowledge, competences and professional conduct. Your fitness will be evidenced by demonstrable work experience, among other things. We also review your education and competences. The assessment of your fitness is linked to your proposed position. This means that we take account of the specific position, the nature, scope, complexity and risk profile of the enterprise and (if applicable) the composition and operation of the board or other relevant corporate body as a whole.
We may contact the references cited by you for an interview by telephone. In some cases the AFM may request you to provide additional references.
The AFM may invite you for an assessment interview in order to assess your propriety and/or fitness. Assessment interviews are conducted to supplement the information obtained on the basis of the file provided.
Pilot external experts
The AFM and DNB started a pilot involving the engagement of external senior experts in 2017. These experts contribute to the assessment on the basis of their professional experience and expertise. This input will be carefully considered in the AFM’s final decision making.