The DCB Announces Increased Attention On Fixed Overheads Requirement

The Dutch Central Bank (De Nederlandsche Bank, DCB) recently announced that, in the coming period, it will be paying increased attention to the fixed overheads requirement (vastekostenvereiste, FOR), that must be met by licensed AIFMs, managers of UCITS, and investment firms (BOBIs). In 2025, DCB will conduct investigations into how BOBIs determine and report the FOR. Relevant parties are expected to carefully analyze and, if necessary, refine the calculation and reporting of the FOR based on the additional information provided by DCB.

Background

The DCB has communicated this to BOBIs through a letter and an update on its website. In these communications, the DCB noted that many supervised institutions make significant errors in calculating total costs, determining deductions, and assessing the amounts of these deductions. The DCB has expressed concern over the following consequences: