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Wft diploma for
advisers in financial services

According to the Dutch Financial Supervision Act (FSA), or also known in Dutch as Wft, financial advisors must have up-to-date professional competence at all times. The Wft diploma can be seen as a kind of license to work as an advisor in the financial sector.

What are the regulations surrounding the Wft diploma in the financial sector?

According to the Financial Supervision Act, financial institutions must guarantee the quality of their services. This means, among other things, that they are obliged to have competent employees for the subjects in which they consult. After all, the consumer must be able to trust that an employee has the correct knowledge and skills to give appropriate advice. Which is why a Wft diploma is obligated for employees working in financial services who provide advice.

What exactly is a Wft diploma required for?

The Wft course focuses on the laws and regulations surrounding financial products and services. The Wft diplomas an employee has obtained therefore decide which products and services he may provide advice on. The Wft basic diploma ensures a solid basis of financial knowledge and is accordingly required for employees working at financial organisations.

In total, there are nine types of Wft diplomas:

  1. Wft Basic
  2. Wft Consumer credit
  3. Wft Mortgage credit
  4. Wft Income
  5. Wft Pension
  6. Wft Non-life insurance personal
  7. Wft Non-life insurance business
  8. Wft Financial capital
  9. Wft Health insurance

Verifying Wft diplomas via DUO

When someone has obtained a Wft exam, the diploma is made available in ‘My Wft’, a digital register of Dienst Uitvoering Onderwijs (DUO). It is therefore possible to gain insight into the Wft diplomas obtained by a person and for which professional qualifications he is qualified to give advice.

Dienst Uitvoering Onderwijs

Please note that the obtained Wft diploma is only valid during the current and the following Permanent Education (PE) period. The PE periods are set up as follows:

  • April 1, 2017 through March 31, 2019
  • April 1, 2019 through March 31, 2022
  • April 1, 2022 through March 31, 2025

To subsequently renew a Wft diploma, an employee must pass a special exam. He then has the succeeding period to renew the diploma.

Why check a Wft diploma via Validata?

  • Validata addresses your concerns: If your organisation wishes to verify the obtained Wft diplomas of new staff, this can easily be included in the screening process if desired. After you have registered a (potential) employee and chosen the appropriate screening profile, Validata takes the work off your hands.
  • Validata addresses your concerns: If your organisation wishes to verify the obtained Wft diplomas of new staff, this can easily be included in the screening process if desired. After you have registered a (potential) employee and chosen the appropriate screening profile, Validata takes the work off your hands.
  • Working collaboration with Justis: Validata has a trusted partnership with DUO to verify data, including Wft diplomas.
  • Specialises in employment screening: Validata has specialised in employment screening since 2009. Due to our many years of experience, we offer a fast and efficient screening process with the best possible candidate experience.
  • Specialised in employment screening for the financial sector: Validata has been providing screening solutions to the financial sector since its establishment and therefore serves a large number of financial institutions. Besides our sector knowledge and years of experience, we are also aware of the current laws and regulations that financial institutions need to comply with.