The Dutch Authority for Financial Markets (AFM) supervises the compliance with rules by players on the financial markets. According to the AFM, our public token sale qualifies as an ICO.
Our token qualifies as an effect within the meaning of the Financial Supervision Act (Wft). In principle, offering it implies the obligation to make a prospectus available that has been approved by the AFM (prospectus requirement). An exemption from this obligation applies if the total value of the offer (within the European Economic Area) is less than EUR 5 million, calculated over a period of twelve months and if other conditions are met. These conditions include, amongst other things, that we have to report our token sale in advance to the AFM and that we have to make a standardised information document available. This information document can also be found on our website and in the appendix of this whitepaper. In April 2018 the AFM was provided with this document.
Additionally, Mijn Vastgoed must include the exemption statement in all offer and advertisement expressions. The AFM has drawn up standards for this (in pictograms). This exemption statement notification can also be found on our website.
Under the Financial Supervision Act, there is no obligation to make a prospectus that has been approved by the Dutch Authority for Financial Markets in regard to the offer available. The offer is not supervised by the Dutch Authority for Financial Markets.