Brexit - the role of the AFM

Frequently asked questions - Brexit - the role of the AFM

What is the role of the AFM in Brexit?

Brexit will involve changes to the financial markets. The AFM is monitoring the risks relating to this, including a disruption to services provided to Dutch companies. As a supervisor, the AFM strives to inform involved Dutch parties as effectively as possible and contribute to managing these risks.

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What is happening at the AFM in relation to Brexit?

For one thing, Brexit means that the AFM is receiving licence applications from parties in the United Kingdom (UK) in addition to applications from Dutch parties. These applications have to be processed efficiently and consistently.

Since the UK financial market is very important for the Dutch financial market, Brexit involves risks for the Dutch financial market. The AFM is monitoring and identifying these risks. This knowledge contributes to the management of these risks.

In addition, the AFM wishes to activate Dutch financial enterprises and encourage them to prepare properly for brexit.

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What contact does the AFM have with companies from the UK considering establishing their business in the Netherlands?

The AFM has been in contact with businesses from the United Kingdom (UK) who have been looking at the options for relocating their business to the Netherlands since the brexit referendum. The AFM does not actively approach companies. We also consult with Dutch companies that trade with the UK on request.

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Does the AFM have an opinion in the Brexit debate?

The AFM has no opinion regarding the decision by the United Kingdom to leave the EU. The AFM looks at the consequences of Brexit for the financial market and the risks that Brexit poses for the financial markets.

See also: What is the role of the AFM in Brexit.

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