<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT19
  Version: 20241211
  Release date: November 1, 2024
-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2006/ref http://www.xbrl.org/2006/ref-2006-02-27.xsd">
  <link:referenceLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="rj-cp-data.xsd#rj-cp-i_ContractCosts" xlink:label="rj-cp-i_ContractCosts_loc" xlink:type="locator"/>
    <link:loc xlink:href="rj-cp-data.xsd#rj-cp-i_PillarTwoDeferredTaxAssetsLiabilitiesDescription" xlink:label="rj-cp-i_PillarTwoDeferredTaxAssetsLiabilitiesDescription_loc" xlink:type="locator"/>
    <link:loc xlink:href="rj-cp-data.xsd#rj-cp-i_PillarTwoExpectedEffectsDescription" xlink:label="rj-cp-i_PillarTwoExpectedEffectsDescription_loc" xlink:type="locator"/>
    <link:loc xlink:href="rj-cp-data.xsd#rj-cp-i_PillarTwoMethodDescription" xlink:label="rj-cp-i_PillarTwoMethodDescription_loc" xlink:type="locator"/>
    <link:loc xlink:href="rj-cp-data.xsd#rj-cp-i_PillarTwoTaxExpenseBenefitDescription" xlink:label="rj-cp-i_PillarTwoTaxExpenseBenefitDescription_loc" xlink:type="locator"/>
    <link:reference id="rj-cp-i_RJ_2024-01-01_221_418_ref" xlink:label="rj-cp-i_RJ_2024-01-01_221_418_ref" xlink:role="http://www.xbrl.org/2003/role/reference" xlink:type="resource">
      <ref:Chapter>221</ref:Chapter>
      <ref:IssueDate>2024-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>418</ref:Paragraph>
    </link:reference>
    <link:reference id="rj-cp-i_RJ_2024-01-01_272_717_A_ref" xlink:label="rj-cp-i_RJ_2024-01-01_272_717_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" xlink:type="resource">
      <ref:Chapter>272</ref:Chapter>
      <ref:IssueDate>2024-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>717</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:reference id="rj-cp-i_RJ_2024-01-01_272_717_B_ref" xlink:label="rj-cp-i_RJ_2024-01-01_272_717_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" xlink:type="resource">
      <ref:Chapter>272</ref:Chapter>
      <ref:IssueDate>2024-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>717</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:reference id="rj-cp-i_RJ_2024-01-01_272_717_C_ref" xlink:label="rj-cp-i_RJ_2024-01-01_272_717_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" xlink:type="resource">
      <ref:Chapter>272</ref:Chapter>
      <ref:IssueDate>2024-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>717</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:reference id="rj-cp-i_RJ_2024-01-01_272_718_ref" xlink:label="rj-cp-i_RJ_2024-01-01_272_718_ref" xlink:role="http://www.xbrl.org/2003/role/reference" xlink:type="resource">
      <ref:Chapter>272</ref:Chapter>
      <ref:IssueDate>2024-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>718</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="rj-cp-i_ContractCosts_loc" xlink:to="rj-cp-i_RJ_2024-01-01_221_418_ref" xlink:type="arc"/>
    <link:referenceArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="rj-cp-i_PillarTwoDeferredTaxAssetsLiabilitiesDescription_loc" xlink:to="rj-cp-i_RJ_2024-01-01_272_717_A_ref" xlink:type="arc"/>
    <link:referenceArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="rj-cp-i_PillarTwoExpectedEffectsDescription_loc" xlink:to="rj-cp-i_RJ_2024-01-01_272_718_ref" xlink:type="arc"/>
    <link:referenceArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="rj-cp-i_PillarTwoMethodDescription_loc" xlink:to="rj-cp-i_RJ_2024-01-01_272_717_C_ref" xlink:type="arc"/>
    <link:referenceArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="rj-cp-i_PillarTwoTaxExpenseBenefitDescription_loc" xlink:to="rj-cp-i_RJ_2024-01-01_272_717_B_ref" xlink:type="arc"/>
  </link:referenceLink>
</link:linkbase>
