Supervision of Pension funds
Pension fund supervision
Under the BES Pensions Act, De Nederlandsche Bank (DNB) has the task of exercising prudential supervision (including supervision of integrity) and material supervision over pension funds in the Caribbean Netherlands (CN). A pension fund must satisfy various statutory requirements both at the time of its establishment and when administering pension schemes. For example, a pension fund must comply with requirements governing:
- the establishment of pension funds;
- the integrity of the business operations;
- the standards governing the financial soundness of pension funds and their contribution to the financial stability of the pension sector;
- the constitution and rules of pension funds and pension contracts of insurers;
- fit and proper directors.
Finding your way
If you are a pension fund operating or seeking to operate in the Caribbean Netherlands, you can find all relevant information here. If you are unable to find any specific information, please let us know by sending an e-mail or calling +3120 524 9111.
All legislation of importance to pension funds in the Caribbean Netherlands can be found under downloads (see on the right).
Under establishment you will find information about the duty of notification, the procedures and requirements which pension funds must observe and what is meant precisely by the term pension fund.
Under material supervision you will find information about how DNB assesses the constitution and pension scheme rules of pension funds and the pension contracts of insurers.
The section on prudential supervision contains information about the various statutory requirements to be fulfilled by a pension fund at the time of its establishment and during the administration of pension schemes.
The section on integrity supervision explains what DNB understands by integrity and what requirements the supervisory authority attaches to this.
Management board members, supervisory board members and (co-)policymakers of supervised institutions in the Caribbean Netherlands (‘BES Islands’) are assessed for integrity. Day-to-day policymakers are also assessed for suitability. You can read more about this under Assessments.
Under registers you will find an overview of financial undertakings that are required to hold a licence in order to offer financial products in the Caribbean Netherlands.