Trust & management companies
According to Financial Markets (BES islands) Act De Nederlandsche Bank supervises the trust companies within the BES islands. Trust companies operating in or from the BES islands need a license from De Nederlandsche Bank to conduct their activities.
To be able to obtain a license, the applicant must have its registered office and principal place of business in the BES islands and must satisfy the requirements laid down by De Nederlandsche Bank concerning:
- Competence and integrity;
- Financial securities; and
- Conduct of business.
Furthermore, once the licenses have been granted, trust companies need to comply continuously with De Nederlandsche Bank directives and policy guidelines for trust companies.