Return authorisation

When a firm returns an authorisation, FI must withdraw the authorisation. This withdrawal must be carried out in accordance with the relevant business legislation, for example the Banking and Financing Business Act. This means that FI decides how the firm should be wound down.

If you have a going concern, FI may impose some requirements on how you wind down the company. As soon as FI has decided on the withdrawal, you should contact us to discuss how the business should be wound down.

Submit an authorisation return application

The following should be attached to the application:

• A description of the firm's business and an explanation for why you consider the firm to no longer be compliant with the authorisation requirements.
• If you have not yet wound down the business that is subject to the authorisation obligation, you should also submit a plan for when the business will be wound down.
• A copy of the authorisation from FI.
• Copies of the minutes from a meeting of the board of directors and the minutes from the general meeting of shareholders specifying that the firm decided to wind down the business that is subject to the authorisation obligation. If the firm's articles of association have changed, attach a copy of these as well.
• Certification from the firm's auditors verifying that the firm no longer conducts business that is subject to an authorisation obligation.
• A description of the information that is distributed to the firm's customers announcing the closure of the business that is subject to an authorisation obligation.

Handling

The matter is assigned a reference number and FI appoints an administrator. The administrator is responsible for the communication with you and your firm.

The administrator and the person responsible for the supervision can jointly decide that the firm must submit documents other than those specified above.

Once the documentation is complete, FI can decide to withdraw the authorisation.

Decision

The administrator will send the decision about the withdrawal of the authorisation to you, and it will be stated in the decision that your firm is no longer is subject to FI's supervision.