Bill Strengthening Governance Of Financial Supervisors DNB And AFM

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This is the Netherlands Update for The City, an initiative of De Brauw's London office

United Kingdom Corporate/Commercial Law

Ernest Meyer Swantee,Daan Van Binsbergen,Rick Van ’T Hullenaar

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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.

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