Law of 4 September 2003 amending the Comptability Act laying down provisions on the management of liquid assets of legal persons managing collective resources, on the financing of such legal persons and on the management of such legal persons EMU balance to the extent that this balance is affected by the financial management of these legal entities (First Amendment of the Comptability Act 2001)

We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.

All of them, who will see or hear these, saluut! do know:

In this regard, we considered that it would be appropriate to include in the 2001 Comptability Law, inter alia, provisions limiting the financial risks that may arise from the management of liquid assets by legal persons who are responsible for the use of liquid assets. manage collective resources and on the control of the EMU balance in so far as that balance is affected by the financial management of these legal persons;

In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-liked and understood to be right and to be understood as saying:

Article I

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Article II

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• 1 The first and second paragraph of Article 45 shall not be subject to liquid funds for a period of six months from the date of entry into force of this Act for any other means to be used at the time of the entry into force of this Act.

• 2 The first and second paragraph of Article 45 in addition to the six-month period referred to in paragraph 1, they shall not apply for a period of six months to the cash-out funds generated by the legal person concerned within the six-month period referred to in the first paragraph. notified to our Minister concerned, with a view to making arrangements for the period within which the legal person concerned has been Article 45, first paragraph, or second It will be.

• 3 Our Minister of Finance may extend the six-month period referred to in the second paragraph.

• 4 Our Minister concerned may give a indication as to the period within which the period of application of the measures in question is not available to a legal person who has not notified the funds raised in a different manner within the six-month period referred to in the first paragraph. notification must be given.

• 5 For a period not exceeding 18 months from the date of entry into force of this Act, the provisions of Article 45, fourth paragraph , also applicable, where the separate responsibility of the non-collective resources does not yet take place in an appropriate manner. In the Royal Decree, referred to in Article IV , this period may be extended if necessary.

Article III

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Article IV

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This Law shall enter into force on a date to be determined by Royal Decree.

Burdens and orders that it will be placed in the Official Gazette, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.

Given at Gravenhage, 4 September 2003

Beatrix

The Minister of Finance,

G. Zalm

Issued the thirtieth September 2003

The Minister of Justice,

J. P. H. Donner