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Results: 1-10 of 23

Draft act on the Remuneration of Financial Undertakings: the 20 cap
  • NautaDutilh
  • Netherlands
  • June 17 2014

Last Friday the proposal for the Act on the Remuneration Policy of Financial Undertakings was submitted. Compared to the consultation version that


Draft act on the Remuneration Policy of Financial Undertakings: the 20 cap
  • NautaDutilh
  • Netherlands
  • November 28 2013

On 26 November 2013, the consultation version of the Act on the Remuneration Policy of Financial Undertakings (Wet beloningsbeleid financiële


Clawback of Bonuses Act to take effect on 1 January 2014
  • NautaDutilh
  • Netherlands
  • December 17 2013

The Clawback of Bonuses Act has been approved by the upper house of the Dutch Parliament and will take effect on 1 January 2014. The purpose of the


Expertise requirement for financial enterprises to be extended and clarified
  • NautaDutilh
  • Netherlands
  • October 7 2010

This newsflash discusses the following two important developments regarding the expertise requirement for members of the management board and supervisory board of financial enterprises: a bill is now before the Dutch parliament pursuant to which the expertise of supervisory board members of a financial enterprise must, as from 1 January 2011, be tested by the Dutch Central Bank ("DCB") and the Authority for the Financial Markets ("AFM"); the DCB and AFM have published a draft policy rule setting out the criteria they will use to test whether management and supervisory board members have met the statutory expertise test


The Banking Code
  • NautaDutilh
  • Netherlands
  • January 25 2010

On 9 September 2009 the Board of the Dutch Banking Association (Nederlandse Vereniging van Banken) adopted and presented the Banking Code (Code Banken


Commission on the structure of Dutch banks publishes its report "towards a serviceable and stable banking system"
  • NautaDutilh
  • Netherlands
  • July 9 2013

28 June 2013 the Commission on the Structure of Dutch Banks (the "Commission") published its report "Towards a serviceable and stable banking system"


Intervention Act
  • NautaDutilh
  • Netherlands
  • April 15 2011

This newsletter discusses the draft legislative proposal for a Financial Institutions (Special Measures) Act (Wet bijzondere maatregelen financiële ondernemingen; "Intervention Act") that was recently published for consultation along with a draft explanatory memorandum and a document containing specific questions


Adjustment and claw-back of bonuses
  • NautaDutilh
  • Netherlands
  • August 9 2010

On 28 May 2010, the Council of Ministers approved a proposal by the Minister of Justice to introduce rules under the DCC making it possible to adjust or claw back bonuses paid or granted to management board members


Parliamentary examination of financial system (De Wit Committee)
  • NautaDutilh
  • Netherlands
  • August 9 2010

On 10 May 2010, the 'Temporary Committee for Examination of the Financial System' presented its report on the causes of the financial crisis


Legislative basis for AFMDCB principles for balanced remuneration policies
  • NautaDutilh
  • Netherlands
  • August 9 2010

On 6 May 2009, the AFM and the DCB published a set of joint principles for balanced remuneration policies in the Dutch financial sector (Principles