Expertise Guidelines For (Co-)Policy Makers And The Pension Sector

As of 1 January 2011, all financial undertakings supervised by DNB and the AFM have to comply with the 2011 Expertise Guidelines for (co-)policy makers. The aim of these guidelines is to clarify how DNB and the AFM interpret the term "expertise" and what aspects their assessment of (co-)policy-makers is focused on. The guidelines also clarify when (co-)policy-makers can or must be assessed, and what information and background checks should be included in the assessment.

The term "expertise" has a broad scope, which includes knowledge, skills and professional conduct. Evidence of the (co-)policy-maker's expertise has to be based on his or her education and training, work experience and competences. In addition to an assessment before appointment, a re-assessment may also take place after appointment. In conducting its assessment, DNB will, amongst other things, take into account the position of the (co-)policy-maker and the size, complexity and risk profile of the