An act strengthening the governance of DNB and the AFM entered into force on 16 February 2012. The key changes are:

  • Establishment of a Supervisory Chairman at DNB and of a financial institutions supervisory council
  • Widening of the statutory duties to be carried out by the supervisory boards of DNB and the AFM
  • Limitations in respect of reappointment of managing directors of the AFM and DNB
  • Introduction of profiles and an integrity and suitability test for both the DNB and the AFM's managing and supervisory directors