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DNB supervision

Florint B.V is an investment company and thus falls under the prudential supervision of DNB (Dutch central bank). Prudential supervision consists of financial supervision and supervision of internal operations.

Financial supervision
Article 3:53 section 1 of the FSA stipulates that an investment company based in the Netherlands, which offers investment services within the Netherlands, must possess sufficient equity capital. DNB uses certified accounts from the investment company to determine whether it complies with the equity capital requirement established in the Prudential regulations Act (art 48 under f, g or h). Further, DNB uses a business plan to evaluate whether the company can continue to fulfil this requirement. Florint has a strong capital position and comfortably meets the capital requirements of DNB.

Internal operations
Article 4:14 section 1 of the FSA requires an investment company to set up operations so that they guarantee controlled and honest execution of its business activities. DNB has established that the description of operations at Florint B.V. contains clear procedures that guarantee the investment company will continue to comply with the capital requirements. Also refer to www.dnb.nl

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