Which enterprises have to apply the ban?

The ban has to be applied by a financial enterprise that is established in the Netherlands and is a:

  • Bank;
  • Management company;
  • Collective investment scheme; 
  • Investment firm; 
  • Financial institution; 
  • Pension fund; 
  • Premium pension institution; or 
  • Insurer.

Application of the ban is also mandatory for branches and tied agents abroad of such an enterprise, but only if the head office based in the Netherlands bears responsibility for their operations.

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