Notifications and requests
Many financial services, such as giving advice about disability insurance or consumer credit, or acting as an intermediary in relation to accrued benefit products, require you to have a licence from the AFM if you wish to provide them. Financial companies can and/or must make various types of notifications.
Do I need a licence?
You need a licence to:
• give advice about a financial product;
• act as an intermediary in relation to a financial product;
• provide reinsurance brokerage services;
• act as an authorised agent or sub-authorised agent in relation to insurance;
• give advice on and/or transmit orders relating to units in collective investment schemes (see: national regime);
• offer loans;
• offer investments.
‘Acting as an intermediary’ covers all work performed by a broker or agent to bring about the purchase of a financial product by a client.
A company is ‘giving advice’ when it recommends a specific financial product from a particular provider to a particular client.