Investing involves risks. However, NPEX does not admit every company to the NPEX stock exchange. Companies must meet strict conditions. They are screened by independent parties, who assess whether the companies' plans have a good chance of success and are well substantiated. We provide you with extensive information on the basis of which you can decide whether or not to invest in the company. Despite careful research, investing continues to entail risks. It is therefore important to spread your investments and only invest with assets that you can afford to lose.

You can invest in different types of securities and companies via the NPEX stock exchange. Every investment is unique and has its own characteristics and risks. You will not receive advice from NPEX if you invest via the NPEX stock exchange. ​You make your own well-considered choice. In technical terms this is called 'execution only'.

Why do you see the text: “Attention! You invest outside AFM supervision. No prospectus requirement for this activity.”?

Investment offers to the public must in principle be made on the basis of a prospectus approved by the AFM. There are some statutory exemptions from this prospectus obligation. For example, if the offer remains below the limit of €5 million, no prospectus needs to be drawn up that must be approved by the AFM.

The idea behind this is that these costs should be lower when the amount of the issue is relatively low, as is the case with issues by SMEs. Because NPEX attaches great importance to investor protection, NPEX requires companies that issue securities via NPEX to provide an information document that is comparable in terms of information to a prospectus as approved. We also call this a prospectus.

If an exemption applies, the AFM requires that this be clearly announced through the exemption statement. This exemption statement does not say anything about the quality of the investment offer, but merely informs you that it is exempt.

NPEX is legally obliged to obtain knowledge and experience from all its investors with regard to 'execution-only' investment services and the financial instruments that can be traded on the NPEX stock exchange.

Based on your answers, we assess whether you are sufficiently aware of the risks of investing without advice (execution-only) in certificates of shares and subordinated bonds. We will warn you if you may not have sufficient knowledge and experience.

NPEX is an investment firm with a MTF permit of the Netherlands Authority for the Financial Markets (AFM). NPEX is under continuous supervision by the AFM and De Nederlandsche Bank (DNB).

The cash positions of investors are placed in a separate foundation, Stichting NPEX Bewaarbedrijf, and are therefore separate from the operational activities of NPEX.

Since April 2018, NPEX has a MTF permit and the securities are classified under Euroclear Netherlands. This means that the securities that NPEX holds for you as an affiliated institution are legally protected and therefore offer you the best possible protection.