In the Netherlands, the main regulation in this field of law is laid down the Financial Supervision Act (Wft). The objective of the Wft is the orderly functioning of the securities markets and the protection of investors. The latter is very much needed, given the fact that financial products such as shares, bonds and derivatives are becoming increasingly opaque. The specialists of LexQuire take care of the transparency.
For the purpose of investor protection, intermediaries (banks or other intermediaries) and advisers have a special duty of care. They have a responsibility to inform investors about the purchase of financial products. This duty of care also includes the obligation for intermediaries and advisers to familiarise themselves with the financial position of the investor, the present level of knowledge and experience, and the investment objective. This is also referred to as the ‘know your customer rule’.
The special duty of care of intermediaries increases with the intensity of the legal relationship with the investor. An advisory relationship is subject to a less far-reaching duty of care than an asset management relationship.
(International) Plans on the financial market
Are you planning to become active on the financial markets in the Netherlands, Germany, Belgium, France or elsewhere? Then the professionals of LexQuire will happily think with you about forms of financing, setting up your company and applying for the necessary licences at the competent authorities (i.e. DNB and AFM).
Damage due to incorrect advice
Has your adviser, bank or other intermediary neglected his responsibility towards you or given you incomplete or incorrect advice? Have you suffered damages as a result? Then please contact LexQuire as soon as possible. Our specialists are there for you.