A bill implementing the EU directive on holdings in the financial sector (Antonveneta Directive) took effect on 7 May 2011. The directive is aimed at ensuring that EU member states apply the same test when assessing takeovers of or participations in financial institutions. The Dutch Central Bank (DNB) will assess foreign takeovers of Dutch banks on the basis of a number of prudential criteria, including solvency and liquidity. The role of the Minister of Finance in the assessment process will be minimised.