This new law entered into force on 16 February. Its key elements include:
- Widening of the statutory duties to be carried out by the supervisory boards of DNB and the AFM.
- Limitations on the number of times that managing directors of the two supervisors may be re-appointed.
- Introduction of an integrity and suitability test for both managing and supervisory directors of DNB and the AFM.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.