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You are looking at 1 - 2 of 2 items for :

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Cover IMF Staff Country Reports
Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Securities Supervision-Selected Issues Regarding the Regulators, Auditor Oversight, and Collective Investment Scheme Management
International Monetary Fund. Monetary and Capital Markets Department
This Technical Note discusses the findings and recommendations of the Financial Sector Assessment Program for the Netherlands regarding auditor oversight, collective investment fund management, and regulatory issues. The legal regime and the day-to-day supervision activities conducted by the Netherlands Authority for the Financial Markets and the Dutch central bank are extensive and consistent with international expectations. The approach to the supervision of the small but growing crowd-funding sector strikes a fair balance between enhancing innovation and protecting investors. The Dutch regime for audits and auditor oversight also complies with the expectations of the International Organization of Securities Commissions and appears to work well in practice.
Keywords:
ISCR; CR; audit firm; fund manager; UCITS fund; investment fund; risk management; quality-control system; management company; open-end fund; unit trust; business operation; audit client; Auditing; Compliance audit; Mutual funds; Financial sector stability; Audit standards and procedures; Global; Europe
Cover IMF Staff Country Reports
Germany: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulations
International Monetary Fund
Germany has a comprehensive legislative and institutional framework for the effective supervision of the securities markets. The overall level of compliance with the IOSCO principles is high. There are significant industry concerns about the implementation costs resulting from a rapidly changing legislative framework. The German Federal Financial Supervisory Authority (BaFin’s) overall approach to supervision relies very heavily on the flow of information, auditors’ reports, and compliance with legislative obligations. Regulators at both the federal and state levels work with a clear legal framework and clearly defined powers and responsibilities.
Keywords:
ISCR; CR; financial market; insider trading; capital market; business organisation; market intermediary; BaFin staff; target company; investment funds; asset management company; risk assessment; internal audit; exchange market; Securities; Stock markets; Compliance audit; Europe