Licence and supervision at BeFrank

BeFrank is governed by the Dutch Financial Supervision Act (Wft). The Act regulates supervision of all financial institutions in the Netherlands. BeFrank is compliant with the high standards regarding professionalism, integrity, financial reliability and transparency.

BeFrank PPI N.V. is licensed as a premium pension institution by De Nederlandsche Bank (DNB) and is supervised by DNB and the Financial Markets Authority (AFM). BeFrank N.V. is also licensed as an investment firm by the AFM as a premium pension institution and investment firm.

Integrity is essential

We consider it highly important that BeFrank’s activities are carried out with integrity. Personal integrity is of course an essential part of that. 

BeFrank PPI ensures that all BeFrank employees comply with the relevant laws and regulations. The Dutch Financial Supervision Act (Wft) and the Dutch Pensions Act (PW) are the primary focus in terms of implementation and proper operation of our duty of care. The Compliance Officer performs regular random compliance checks, either on their own initiative or on the instructions of the management.

Internal regulations and rules

The following internal regulations and rules apply to BeFrank employees:

  • Pre-employment screening;
  • Personal Data Protection Act and the associated Code of Conduct;
  • Private investment transaction rules;
  • Non-disclosure agreement, which is signed by every employee at the start of their employment contract;
  • Clean desk policy;
  • Whistleblower’s scheme;
  • Keeping up with current affairs (AAA).