Netherlands Authority for the Financial Markets
|Netherlands Authority for the Financial Markets|
The Netherlands Authority for the Financial Markets has been responsible for supervising the operation of the financial markets since March 1, 2002. AFM supervises the conduct of the entire financial market sector: savings, investment, insurance and loans. By supervising the conduct of the financial markets, AFM aims to make a contribution to the efficient operation of these markets.
AFM is the successor of the STE (Securities Board of the Netherlands/Stichting Toezicht Effectenverkeer), which supervised all of the participants in the securities trade.The establishment of AFM is a result of the policy document review of the supervision of the financial market sector of the Ministry of Finance. Accordingly, sector-based supervision has been replaced by function-based supervision, which is divided into prudential supervision and supervision of market conduct.