On 15 December 2010, CRD III (2010/76/EU) came into force, amending the Capital Adequacy Directives (2006/48/EC and 2006/49/EC).
The amendments relate to:
- capital requirements for the trading book and re-securitisations
- the supervisory review of remuneration policy
A number of changes had to be implemented before 1 January 2011. In the Netherlands, this was done in the DNB Regulation on Controlled Remuneration Policy. The other changes will have to be implemented by 31 December 2011.