How we are organised
CCV Group B.V. has two permits based on the Dutch Financial Supervision Act: one permit for payment institutions and one as of right as a clearing and settlement company. In addition, CCV is registered within the meaning of the Dutch Telecommunications Act as a provider of electronic communication services and a provider of a public electronic communication network.
We are – or to be specific, CCV Group B.V. is – under the supervision of:
- De Nederlandsche Bank (DNB, the Dutch central bank), is legally responsible for specific tasks in the field of prudential supervision, such as focusing on promoting the financial soundness of financial institutions. Payment is important in society, so not everyone is allowed to offer it just like that. DNB grants a license to parties who meet the demands, which they actively monitor. CCV meets these requirements and reports continuously to this supervisor;
- the Dutch Authority for the Financial Markets (AFM: Autoriteit Financiële Markten), supervises the behavior of companies operating in financial markets. CCV is required by law to act correctly and to properly inform the parties with whom and for whom it works;
- the Dutch Authority for Consumers & Markets (ACM: Autoriteit Consument & Markt), an independent supervisor for competition, i.e. companies do not fix prices and a company does not become too powerful in the market. The aim of this is to create a level playing field for companies and to ensure that companies comply with the rules. This will protect the consumer;
- the Dutch Data Protection Authority (DPA). Privacy is an increasingly important issue. CCV receives a lot of information like personal data of its customers and the consumers who carry out a transaction with customers of CCV. The Authority Personal Data (Autoriteit Persoonsgegevens) could check whether companies secures the information properly and complies with the legal provisions that apply to personal data. How CCV handles confidential personal data is included in the privacy statement on our websites.
‘We do everything we can to relieve entrepreneurs of as many burdens as possible.’
We are ready and waiting to assist you. Please feel free to get in touch with us or your local office.