Introduction of segregated account for financial sector
On 7 July 2022, the Dutch Financial Supervision Act has been amended, introducing the segregated account for payment institutions, e-institutions, settlement companies and investment firms.
These institutions hold customer funds and have an obligation to separate these funds from their assets. This is usually done through the use of a third-party funds foundation.
The introduction of the segregated account provides an alternative. The segregated account must be held with a bank established in the Netherlands.