Supervision AFM

GoldRepublic is the only online service provider that offers its customers the opportunity to buy, store and sell physical gold and physical silver with a license from the Autoriteit Financiële Markten (AFM) (Dutch Authority for the Financial Markets). 

Click here to view the GoldRepublic AFM license

What is the AFM? 
The Autoriteit Financiële Markten (AFM) (Dutch Authority for the Financial Markets) is the Dutch business conduct regulator in the area of financial markets. This means that AFM ensures that everyone conducts themselves in the manner that we have mutually agreed upon and intervenes in the event that agreements are violated.

The AFM promotes careful financial service provision to consumers. Companies and people who provide financial services must be professional, reliable and honest. The information provided by financial institutions must be factually correct, comprehensible and not misleading. Such institutions must also act in the best interest of their clients (duty of care). The AFM also makes sure that the financial institutions do not engage in any activities that could be detrimental to their clients.

The AFM supervises the conduct of the entire financial market sector: savings, investment, insurance and loans. By supervising the conduct of the financial markets, AFM aims to make a contribution to the efficient operation of these markets.

The efficient operation of the securities markets is a matter of public importance. The public, business and government depend on financial products that are offered in the markets for many of their activities. Confidence in the fair and orderly operation of those markets is vital and for this reason it is very important that the proper operation of these markets is supervised.

AFM is the successor of the STE (Securities Board of the Netherlands / Stichting Toezicht Effectenverkeer), which supervised all of the participants in the securities trade. The establishment of AFM is a result of the policy document 'Review of the supervision of the financial market sector' ('Herziening van het toezicht op de financiële marktsector') of the Ministry of Finance. Accordingly, sector-based supervision has been replaced by function-based supervision, which is divided into prudential supervision and supervision of market conduct.

Prudential supervision addresses the question of whether participants in the financial markets can rely on their contracting parties being able to meet their financial obligations. The Dutch Central Bank (De Nederlandsche Bank) is, responsible for prudential supervision. The supervision of market conduct focuses on the question of whether the participants in the financial markets are handled properly and whether they have accurate information. This supervision is the responsibility of AFM.

Click here to visist the website of the AFM

Advice
GoldRepublic is not in the position to provide you with independent advice about its products, your investments in precious metals and the associated opportunities and risks.