The AFM notification, explained
How it is set up
Notified to the AFM
Yieldfund operates through the legal entities frontpay capital B.V. and frontpay management B.V. Frontpay management B.V. has submitted an official notification to the Dutch Authority for the Financial Markets (AFM). Frontpay management B.V. is not under AFM supervision and does not require a licence.
Frontpay management B.V. is therefore not listed in the public AFM register: the company falls under the legal exemption from the licence and prospectus requirements and only needs to notify the AFM of the issuance. This exemption follows from the European Prospectus Regulation and Dutch financial law.
At a glance
The legal picture
Notification to the AFM
Done
AFM supervision
No
Licence requirement
No
Prospectus requirement
No, exempt
The AFM has confirmed receipt of the notification. You can download the information document below.
Bond series
Why is no licence or prospectus required?
Yieldfund issues bonds in separate series. Each series stays within the legal exemption thresholds — which is why a notification to the AFM suffices.
Closed series
Series A2
For investments from €10,000 up to €100,000
Series A2 closed on 30 September 2026. It is no longer possible to subscribe to this series. Do you already hold bonds from Series A2? Then nothing changes in what was agreed in your bond terms.
Status
Closed
Issuance period
24 Jun 2026 – 30 Sep 2026
Maximum total issuance
€1,890,000
Maximum per investor
€100,000
Nominal value
€1,000 per bond
New series from February 2027
A new series for investments below €100,000 is expected to open in February 2027. Interested? You can join the waiting list by sending an email to info@yieldfund.com with your name and the amount you would roughly like to invest. Once the new series opens, we will contact you. Joining the waiting list is without obligation.
Email info@yieldfund.comInvesting involves risks. You can lose (part of) your investment.
Active series
Series B1
For investments from €100,000 up to €500,000
Intended for professional and high-net-worth investors. This series qualifies for the exemption from the prospectus requirement; no notification to the AFM is required. The maximum per investor is set by Yieldfund itself; the exemption has no statutory ceiling.
Status
Almost fully subscribed
Issuance period
1 Feb 2026 – open-ended
Maximum total issuance
€15,000,000
Maximum per investor
€500,000
Nominal value
€1,000 per bond
The difference
Not who invests, but under what conditions
Traditional providers often do fall under a licence or prospectus requirement. That is usually due to one or more of these characteristics:
Raising more than €5 million within 12 months
No minimum investment of €100,000 and no use of legal exemptions
Offering shares, participations or fund structures subject to additional rules
Making a public offer without clear limits, for example without a cap or end date
Yieldfund takes a different, legally permitted route: issuing bonds within the thresholds of the prospectus exemption. That comes with an honest trade-off: less supervision, in exchange for a more direct and simpler structure. Every investor should know this before deciding.
Feature
Yieldfund (Series A2 & B1)
Traditional providers
Product type
Bonds
Shares, participations or funds
Accessible to retail investors
Yes, from €10,000 (Series A2, now closed)
Yes, often from low amounts
Total issuance capped
Yes — Series A2: max. €1,890,000 within 12 months
Usually not
Minimum investment of €100,000
Yes (Series B1)
Rarely
Use of legal exemptions
Yes, under the Prospectus Regulation
Often not applicable
Prospectus required
No
In most cases, yes
AFM licence required
No
Often, yes
Questions about the AFM notification?
In a short call, we’ll take you through the structure, the series and the terms and conditions. You ask the questions and then decide at your own pace.
You'll speak with Valerie
Investor relations manager
Investing involves risks. You can lose (part of) your investment.