meta_id 3069841

On 8 April 2026, De Nederlandsche Bank (DNB) imposed an administrative fine of €28,710 on investment firm AFS E-Venues B.V. (AFS E-Venues) for repeatedly failing to meet statutory liquidity requirements. DNB found that AFS E-Venues failed to meet the minimum liquidity requirement on five occasions between 31 March 2024 and 10 February 2025. The firm engaged in resource shifting within the AFS Group prior to key cut-off dates, which obscured early identification of non-compliance. DNB had previously reminded AFS E-Venues of the importance of complying with liquidity requirements at the beginning of this period. However, the firm failed to implement structural improvements, resulting in repeated liquidity shortfalls. Eventually, AFS E-Venues replenished its liquid assets and took measures to prevent recurrence. The fine was determined in accordance with DNB's prudential capital shortfall enforcement policy of 20 February 2015, which provides that a second instance of non-compliance with capital requirements will, in principle, result in an administrative fine. Investment firms must maintain sufficient liquid assets to ensure financial stability, protect customers' interests, and maintain confidence in financial markets. The fine amount considered that AFS E-Venues had taken corrective measures to prevent future non-compliance. Any interested party may lodge an objection against the decision within six weeks of its date. The decision on the objection can be appealed in court within six weeks, with further appeal available to the Trade and Industry Appeals Tribunal (College van Beroep voor het bedrijfsleven – CBb). The decision becomes final if no legal remedies are exercised against it.