Financial Supervision Act


Part II Market Access Financial Enterprises


Chapter 2.1 Introductory provisions


Article 2:1 Personal character of licenses and dispensations

Licenses and dispensations granted under the present Act are personal and non-transferable.


Article 2:2 Extent of dispensations

If the supervisor, in granting a license, grants a dispensation as referred to in Article 2:5, paragraph 3, 2:7, paragraph 3, 2:12, paragraph 4, 2:17, paragraph 3, 2:21, paragraph 3, 2:26b, paragraph 4, 2:26e, paragraph 3, 2:31, paragraph 4, 2:37, paragraph 3, 2:41, paragraph 3, 2:49, paragraph 3, 2:51, paragraph 3, 2:54b, paragraph 4, 2:54e, paragraph 3, 2:54j, paragraph 3, 2:54m, paragraph 3, 2:58, paragraph 3, 2:63, paragraph 3, 2:67, paragraph 5, 2:68, paragraph 4, 2:78, paragraph 3, 2:83, paragraph 3, 2:89, paragraph 3, 2:94, paragraph 3, or 2:99, paragraph 6, such dispensation shall qualify also as a dispensation from the corresponding rules of Part III ‘Prudential Supervision Financial Enterprises’ and Part IV ‘Conduct Supervision Financial Enterprises’.


Article 2:3 Extent of dispensations granted by the Authority for the Financial Markets

If, without prejudice to Article 2.2, the Authority for the Financial Markets, in granting a license to a financial enterprise whereby it has asked the Dutch Central Bank for advice pursuant to Article 1:48, also grants a dispensation as referred to in Articles 2:67, paragraph 5, 2:68, paragraph 4, or 2:99, paragraph 6, the Authority for the Financial Markets is empowered to grant simultaneously a dispensation from the corresponding rules of Part III ‘Prudential Supervision Financial Enterprises’, if the advice so necessitates. In such cases, any conditions recommended by the Dutch Central Bank shall be attached to that dispensation. This dispensation shall be deemed to have been granted by the Dutch Central Bank where it relates to rules of Part III ‘Prudential Supervision Financial Enterprises’.

 

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