Cost of licensing or notification
The AFM charges fees for non-recurring services related to CASP licence applications or CASP notification.CASP licence
Please note that the fees mentioned below are provisional.
The AFM has advised the Ministry of Finance to set the fees at this level. However, they remain subject to change until the Minister of Finance decides on the level of the fees and publishes them in the Regeling bekostiging financieel toezicht eenmalige handelingen (Financial Supervision (Funding of Non-Recurring Activities) Regulations). The provisional fees stated below are therefore merely indicative. No rights may be inferred from them.
The anticipated cost of processing a CASP licence application is €200 per hour, subject to a maximum of €100,000.
When processing the application, the AFM also conducts fit and proper testing in respect of the persons involved in the executive management of a CASP provider. The provisional fee in this regard is €700 per person for the properness assessment. The standard fee for the suitability assessment (fitness assessment) is €2,900 per person. If an individual has previously been assessed by DNB in the context of an AMLD5 registration, a lower fee of €1,500 or €500 will be applied, depending on the difference in scope between the previously conducted DNB assessment and the new AFM assessment.
Finally, shareholders with a qualified shareholding in the CASP are assessed by DNB. The assessment by DNB encompasses both direct and indirect shareholders and is subject to a fee by DNB.
Casp notification
Please note that the fees mentioned below are provisional.
The AFM has advised the Ministry of Finance to set the fees at this level. However, they remain subject to change until the Minister of Finance decides on the level of the fees and publishes them in the Regeling bekostiging financieel toezicht eenmalige handelingen (Financial Supervision (Funding of Non-Recurring Activities) Regulations). The provisional fees stated below are therefore merely indicative. No rights may be inferred from them.
The anticipated cost of processing a CASP notification is €200 per hour, subject to a maximum of €50,000.