Classification for financial and non-financial holding corporations
The solid cooperation that has existed between the Dutch Central Bank (DNB) and Statistics Netherlands (CBS) for years has led to a joint register for financial and non-financial corporations for observation purposes. The joint register of CBS and DNB further reduces instances of duplication or overlapping in their surveys, as well as highlighting any neglected areas.
The joint register is in line with international statistical guidelines on the demarcation between the two groups of companies and makes it easier for companies to know which organisation they should report to. In short the joint register isless confusing and increases efficiency, delivering on the ambition of both organisations to provide univocal figures.
What does this mean?
IFinancial holding corporations and finance companies that are part of a non-financial parent company will in most cases receive questionnaires from CBS, including company finance and balance of payments.
As a result of the delineation between financial and non-financial holding corporations, large financial holding corporations and finance companies at the highest level of the Dutch corporate structure will belong to the subsector ‘captive financial institutions’ and will receive questionnaires from DNB, such asreports from financial institutions for macro-economic statistics such as national accounts and balance of payments.
In the event of major developments, CBS will consult DNB to coordinate the joint approach with the relevant holding corporations.
Contact
If you have any questions on this issue: Contact | CBS.
You can also get in touch with your own CBS contact, if applicable.