SCOPE FinTech Solutions

SBI changes CoC

The Chamber of Commerce will implement the changes to the new SBI codes between Friday, September 5, 11:45 p.m. and Sunday, September 7 (See Your SBI code is changing. Check your details | Chamber of Commerce). During this time, it will not be possible to retrieve data from the Trade Register.

As soon as the CoC has implemented the changes, SMT will immediately start performing a production update. However, SMT is dependent on the CoC; if the CoC is not ready on time or has to reverse the changes, SMT has no influence on this. This may affect our turnaround times.

After changing the SBI codes in the Trade Register, a conversion file will be made available. This file and more information about the changes can be found at www.kvk.nl/sbi.

 

What does this mean for you?

CDD On Demand

In general, you do not need to do anything unless you use SBI codes in your risk set. If this is the case, we recommend that you adjust your risk policy to the new SBI codes and update the risk set codes (these codes can be found at https://www.cbs.nl/nl-nl/onze-diensten/methoden/classificaties/activiteiten/standaard-bedrijfsindeling–sbi–/sbi-code-zoeken) . Only make these adjustments after the update, i.e. on Monday, September 8, when the new SBI codes can be retrieved from the Trade Register via CDD On Demand.

 

CDD API

No action is required on your part.

 

Compliance Management Portal

  • Adjust your risk policy to the new SBI codes. These codes can be found via the following link: https://www.cbs.nl/nl-nl/onze-diensten/methoden/classificaties/activiteiten/standaard-bedrijfsindeling–sbi–/sbi-code-zoeken.

  • Configure the new risk sets on Monday, September 8, when the new SBI codes can be retrieved from the Trade Register via CMP. 

  • On Monday, September 8, use batch processing to re-enrich all your customers' CoC data. This will ensure that all SBI codes are automatically adjusted. 

    • Batch processing works as follows:  

      • Under relations, create a list of all companies with a CoC number. 

      • Go to Batch processing and click on “Create batch.” 

      • Give the batch a name, select the Relation list, and choose Batch type “CoC data enrichment.” 

      • Check the configuration and click on “Start batch.” 

    • Manually entered SBI codes must be changed manually.  

 

We understand that these changes will mean extra work for you. Unfortunately, we have no influence on these changes, nor on the planning of the Chamber of Commerce.

We are doing our utmost to have our products updated by 9:00 a.m. on Monday, September 8. However, if the CoC experiences delays, we are unfortunately dependent on them.

If you have any questions, please contact us at info@scope.nl.  

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Ruby Hovenier
I'm Ruby Hovenier, the digital marketer at SCOPE FinTech Solutions. My focus is on keeping up with the latest news and events within the FinTech, KYC, and Wwft markets. By constantly looking for the latest information on these topics, I ensure that our readers are always up-to-date. My goal is to offer new insights and provide readers with fresh information on developments in these industries. You can find my contributions on our website and in our newsletters.

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