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About NPEX
Yes, NPEX has a license from the Netherlands Authority for the Financial Markets and is supervised by the Netherlands Authority for the Financial Markets and De Nederlandsche Bank.
NPEX wants to be successful. This is only possible with satisfied clients. Having and using the correct procedures for handling client responses/complaints is necessary. We have one for this complaints procedure and an complaint form drawn up.
NPEX can be reached as follows:
Via the website www.npex.nl
Via e-mail: [email protected]
By telephone: 070-385 15 30 Available on working days from 08:30 AM to 17:30 PM.
By post: NPEX Prinses Margrietplatsoen 76, 2595 BR The Hague Have you gone through our complaints procedure completely and do not agree with the outcome? Then you can contact the Financial Services Complaints Institute (KiFiD), PO Box 93257, 2509 AN The Hague. KiFid is an independent organization that handles complaints about financial products and services.
Yes, NPEX is affiliated with KiFiD.
Kifid is an initiative of trade organizations in the financial services sector and the Consumers' Association. It is an independent complaints institution and its services are funded by the affiliated service providers through a foundation. The Kifid board and market parties have no influence on the handling or outcome of a complaint. The Ombudsman, the Disputes Committee and the Appeals Committee do their work independently and impartially.
Financing through NPEX
NPEX is particularly suitable for companies that have been around for some time and whose product is on the market. In general, the following conditions apply:
- Your company has existed for at least 3 years, of which at least 1 year has been profitable
- The company has a proven track record
- The minimum financing via NPEX is €500.000
If you would like to explore a listing on NPEX, please contact one of our new business managers.
They will help you with the listing and engaging relevant parties such as placement offices, financiers, and liquidity providers.
The reasons for making shares tradable on an exchange differ per company. The most common reasons are:
- attracting (growth) capital
- creating liquidity in existing securities (exit options for existing shareholders/investors)
- creating its own investor community
- creating 'inflow' for investment funds
- increasing brand awareness and visibility in the market
- offering a grant for wealth transfer purposes
If you would like to explore a listing on NPEX, please contact one of our new business managers. They will help you with the listing and engaging relevant parties such as placement offices, financiers, and liquidity providers.
The rate that your company reimburses to NPEX consists of a one-off listing fee and an annual administration fee consisting of a fixed amount plus a surcharge for the number of investors in the company or investment fund or the invested assets. In addition, companies that opt for an initial public offering (IPO) must also have a prospectus approved by the Netherlands Authority for the Financial Markets (AFM) or, if there is an exemption (the amount to be issued is < € 5 million), a prospectus that is meets the requirements of a model developed by NPEX.
Yes, NPEX has extensive experience with this. There are two options for this: All shareholders/investors can be contributed at once on the initiative of the company. After legal preparation, all investors and the securities held by these investors in the fund can be entered in one go (automatically) into the investor administration of NPEX. Your investors receive access data from NPEX, after which they gain online insight into the securities held, after which trading (to third parties or within the closed group) can take place.
At the initiative of the shareholder/investor. After legal preparation, the investor can independently open an account (become a participant of NPEX) and enter the securities held into the NPEX investor administration through a contribution agreement. After this, trading of the securities can take place. Please note: Only investors who meet the requirements of the NPEX Customer Integrity Policy can be included.
Open NPEX account
Complete the online application form via 'Open Account'. After we have checked your details, we will send you an opening email with your username and a password letter. With these login details you can log in to 'My NPEX'. Your NPEX account is activated when you have made a deposit from your contra account for identification purposes.
No, opening an NPEX account is free.
NPEX is a financial institution. This means that NPEX needs a copy of your passport (or identity card) to identify you. Based on your name, we can determine whether your contra account at your bank belongs to you when you make the identification deposit.
The contra account is a checking account (not a savings account) with a European bank that is linked to your NPEX account. Withdrawals from your NPEX account can only be transferred to this fixed contra account at your bank.
The name of your contra account must be identical to that of your NPEX account. You specify the contra account when registering with NPEX. You can later make a deposit from an account other than your contra account if the name on this account exactly matches the name on the NPEX account.
NPEX uses so-called derived identification.
In order to open an NPEX account, your application must comply with the applicable laws and regulations in the field of money laundering and terrorist financing. We therefore require, among other things, a valid copy of your ID and a checking account in your name at a bank in the European Union.
Persons who are minors must submit a separate statement. This can be requested from the NPEX Service Desk tel. 070-385 15 30, on working days from 08:30 AM to 17:30 PM, e-mail: [email protected].
If you live abroad, you can request a registration form from the NPEX Service Desk. If you are a US person or may be subject to tax in America, you unfortunately cannot open an NPEX account. You are a US person if one or more of the following situations apply to you: you live in America, you work in America, you have an American passport, you were born in America, you periodically transfer money to America, you has an American residential, postal address or telephone number, you have an authorized representative with an American address, you have a per address (P/A) in America.
NPEX is obliged under the Money Laundering and Terrorist Financing (Prevention) Act (Wwft) to determine the identity of all its customers. NPEX uses derived identification. Derivative identification means that you do not have to visit NPEX in person to apply for an NPEX account. NPEX determines your identity on the basis of information that we receive from your bank when you make a deposit from one of your existing bank accounts to your NPEX account (identification deposit). NPEX also asks you to email or send a copy of a valid proof of identity. We compare this information with the information you provided to us when opening your account. If these details match exactly, NPEX has established your identity.
Minors are not allowed to place orders independently. To open an account, minors must submit a 'NPEX child account' form together with their legal representative(s). This form can be requested from the NPEX Service Desk tel. 070-385 15 30, on working days from 08.30-17.30 uur, E-mail: [email protected].
The legal representatives of the minor in question must invest the minor's assets effectively. By opening an 'NPEX child account' on behalf of and for the account and risk of the minor, the legal representative expressly states that he is fully aware of the risks and consequences associated with investing in financial instruments listed on NPEX. .
When opening a 'NPEX child account', we request a copy of proof of identity (identity card or passport) of the minor and the legal representative(s). Derivative identification must also be made via a transfer to the NPEX account from the contra account (of the minor) specified by you. This involves checking whether the ascription of both accounts corresponds.
Yes, in this case please contact the NPEX Service Desk: tel. +3170-385 15 30, on working days from 08.30-17.30 uur, or by email: [email protected] who will send you a registration form. If you do not have a Dutch identity document, you must submit an official document showing your Tax Identification Number (TIN).
Investing on NPEX
The intrinsic value of a security is roughly calculated by dividing the fund's own assets by the number of securities. It should be noted that funds can determine the intrinsic value in a different way. With open-end funds, the intrinsic value is regularly recalculated by the fund and published (via NPEX), because the number of securities and therefore the equity can continuously change. Assets are also often bought and sold within open-end funds, meaning that the equity and therefore the intrinsic value can fluctuate on a daily basis. For the other funds, the intrinsic value is often calculated by the fund based on periodic financial reporting and revaluation of the so-called 'underlying value'.
NPEX refers, where possible, to the website of the company/fund for financial data. Furthermore, for securities traded on the NPEX stock exchange, you can consult the offer and transaction history. These show you the current supply and an overview of the securities that are traded and at what price. You can find the offer and the transaction history on the listing information page under 'Offer'.
For securities in an 'open-end' fund, the price is determined by the net asset value on the execution date. This is therefore not known in advance.
NPEX is a trading platform and does not provide advice. You must make your own choice based on the information that the issuing institutions make available and/or the advice of your asset advisor(s).
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, the prospectus does not have to 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 call this a prospectus.
Yes, your money and securities are shielded from NPEX BV (NPEX).
Effects
The bonds, share certificates and warrants are kept in a securities depository Euroclear Netherlands.
The DoubleDividend securities are held in an account in the name of Stichting NPEX Bewaarbedrijf at the KAS BANK (CACEIS). KAS BANK then stores these securities in their deposit with Euroclear Netherlands.
Money
Funds are held by NPEX at an independent foundation, Stichting NPEX Bewaarbedrijf.
money market funds
Funds that the foundation is not allowed to hold at a certain time due to the legal prohibition on attracting repayable funds are deposited by the foundation in a money market fund of Nationale Nederlanden Investment Partners (NNIP) saved.
The foundation NN (L) Liquid EUR – B Cap is a short term money market fund (ST MMF), as defined by the European Securities and Markets Authority (ESMA). The fund has a low risk profile and is therefore the safest option we can offer you. NPEX covers the ongoing costs of the money market fund (0,12%). Given the low interest rates, the return on investments in the money market fund is currently negative. NPEX will also bear these costs until further notice.
Stichting NPEX Bewaarbedrijf
In addition, investors' funds if they have not (yet) been deposited into the money market fund, for example in the event that these funds have been allocated to carry out a transaction, are held in a bank account in the name of Stichting NPEX Bewaarbedrijf at ING Bank. Once again separated from NPEX B.V. So.
Monies and effects of non-professional investors are also protected up to a maximum amount of € 20.000 per person by the investor compensation scheme.
An independent accountant checks this asset separation annually. The AFM and DNB supervise this.
Investing in a Crowdfunding project
An investment in a crowdfunding project becomes did not covered by the deposit guarantee schemes established in accordance with Directive 2014/49/EU of the European Parliament and of the Council*. Nor is an investment in a crowdfunding project covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council**.
*Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes, OJ L 173, 12.6.2014, p. 149.
**Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor compensation schemes, OJ L 84, 26.3.1997, p. 22.
The account number of Stichting NPEX Bewaarbedrijf is NL59INGB0661457672. Please note that you always state your NPEX account number when making a payment, otherwise we cannot process your payment.
Only investors with an NPEX account can (anonymously) buy your offered securities. You are not allowed to purchase your own offering.
If you have or want to open a business NPEX account, you must have an LEI code. (Legal Entity Identity)
Apply for LEI at the Chamber of Commerce
You can apply for an LEI from the Chamber of Commerce (KvK). Unfortunately we cannot do this for you. There are costs associated with an LEI. You only need to apply for an LEI once.
Click here for help applying for an LEI.
Extension of LEI not mandatory
Under MiFID II, based on current insights, you are not obliged to renew your LEI. If you decide not to renew the LEI, it will be given the 'expired' status, but the LEI will remain linked to your organization as long as the organization continues to exist. You can continue to carry out securities transactions even with an 'expired' LEI.
Annual renewal of your LEI is therefore not mandatory when you invest via NPEX, because we do not offer products for which renewal is necessary.
European regulations
The European MiFIR regulation (EU/3/2018) came into effect on January 600, 2014. This regulation relates, among other things, to the reporting of securities transactions. All financial institutions must record business transactions in a transaction register on behalf of the supervisors, the Netherlands Authority for the Financial Markets and the Dutch Central Bank. NPEX has also been obliged to do this since January 3, 2018. Part of the transaction register is the LEI (Legal Entity Identifier). An LEI is a unique number for identifying companies worldwide. If you invest with NPEX through a business account, you must have an LEI. NPEX therefore requests that you provide us with your LEI so that you can (continue to) invest and buy and sell investments via NPEX. When do you apply for an LEI?
My NPEX account
No, you will not receive interest on your NPEX account.
Yes, NPEX will send you a fiscal annual overview of your funds and securities in your NPEX account every year.
NPEX does not provide this service. It is only possible to receive your messages digitally
You can transfer money to account number NL59INGB0661457672. Stichting NPEX Bewaarbedrijf stating your NPEX account number. NPEX only accepts transfers from bank accounts with European Union banks whose name matches the name on the NPEX account.
If you have forgotten your username and password, you must contact the NPEX Service Desk: tel. 070 – 385 15 30, on working days from 08.30-17.30 uur or send an email to:[email protected]. The NPEX Service Desk will then provide you with new login details.
If there is no longer a bank account linked to your NPEX account, or you want to change your contra account, we kindly request you to make a verification deposit of € 1. This allows us to add your verified fixed offset account to your NPEX account.
Your fixed offset account must meet the following requirements:
• Current account with an EU bank.
• The ascription of the contra account is the same as the ascription of the NPEX account.
– If NPEX account jointly, bank account also jointly (and/or).
– If NPEX account is business, bank account also business.
Make € 1 transfer to bank account NL59 INGB 0661 4576 72 in the name of Stichting NPEX Bewaarbedrijf, citing:
Verification and your 6-digit NPEX account number.
IBAN: NL59 INGB 0661 4576 72
Attn: Stichting NPEX Bewaarbedrijf
Mentioning: Verification + 6-digit NPEX account number
Click here to close your NPEX account or send an email to [email protected]. Please state your NPEX account number and that you want to close the NPEX account.
The funds of all NPEX investors are administered and managed by Stichting NPEX Bewaarbedrijf. Stichting NPEX Bewaarbedrijf maintains an account with the ING bank (NL59INGB0661457672). Payments are in principle processed the next working day and are then visible on your NPEX account.
Securities transactions
With 'open-end' funds you always buy securities in 'money' and sell them in 'pieces'. When purchasing securities in open-end funds, you take the following steps: you deposit the amount for which you want to participate in the fund into your NPEX account; you enter a purchase order; Immediately after the execution date you will receive confirmation of the number of securities you have been allocated (for 'open-end' funds this can also be 'fractions' of securities); After the securities have been allocated by the fund, the securities will be added to your portfolio. As with other listed investment funds, rounding is done to four decimal places.
If you are logged in, you can select 'Sell' in your portfolio. The fund will then purchase the securities, provided the conditions in the prospectus are met. With 'open-end' funds you always buy in 'money' and sell in 'pieces'. You sell at the trade value on the execution date and the transaction amount is credited to your NPEX account.
The NPEX stock exchange uses an order book. Orders from investors are placed in the order book. If your order (partially) matches on price with another offer in the order book, your order will be (partially) executed immediately. If your order does not directly (partially) match another order in the order book, your order will be placed in the order book. Your order remains in the order book until the order expires or until you withdraw the order. You can withdraw an order that has not been executed. If part of your order has been executed, you can only withdraw the part that has not yet been executed.
The maximum duration of an order is 30 days. You can choose a date within this period until which your order is valid. If your order has not been executed and the maximum order duration is exceeded, your order will automatically expire.
You can withdraw your order at any time as long as it has not been executed. If the order has been partially executed, it is possible to withdraw the unexecuted part of the order.
If your order (partially) matches another offer in the order book, your order will be (partially) executed immediately. At that moment a transaction is concluded. If your order does not directly (partially) match another order in the order book, your order will be placed in the order book.