Key Benefits:
Law of 29 October 2015 amending the Financial Supervision Act and any other laws in the field of financial markets (Amending Law Financial Markets 2016)
We Willem-Alexander, at the grace of God, King of the Netherlands, Prince 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 desirable to arrange for the protection of derivatives investors against the bankruptcy of their intermediary, the effectiveness of the powers of intervention of the Netherlands Bank and the Minister of State. To strengthen finances, as well as any other changes and improvements in the legislation in the field of financial markets;
It is true that we, the Department of Consultative Affairs of the Council of State, and with the mean consultations of the States-General, have found and understand the same as We approve and understand:
1 [ Red: Change this Act.]
2 [ Red: Modification of the Amending Law Law on the Gaming Games, etc. (organisation of remote gaming) (Kst. 33996).
1 The prohibition, intended to Article 3:95, 1st paragraph, of the Financial Supervision Act to hold a qualifying holding or to exercise a qualifying holding in a qualifying holding without a declaration of no objection from the Netherlands Bank, shall apply for a period of three months from the date of the time of entry into force of Article I, Section AA , not for persons who already hold a qualifying holding in a contributory pension institution at that time.
2 The period referred to in the first paragraph shall be extended to the day following receipt of the decision of the decision of a qualified holding for persons who submit an application for a declaration of no objection to the holding of a qualifying holding. De Nederlandsche Bank.
3 Article 3:104, 2nd paragraph, of the Financial Supervision Act shall not apply to decisions in a premium pension institution taken before the date of entry into force of this Regulation. Article I, Section AA -From this law.
On statutory audits relating to a financial year already caught before the date of entry into force of the Article X , remains Article 24, first paragraph, of the Audit Organisations Act as it was used for the entry into force of Article X, applicable.
This Law shall enter into force on a date to be determined by Royal Decree which may be adopted in a different way for the various articles or parts thereof. That decision shall apply where appropriate to: Article 12 of the Consultative Referendum Act .
This law is cited as: Amending law financial markets 2016.
Burdens and orders that it will be placed in the Official Gazette and that all ministries, authorities, colleges and public servants who so far as to do so will keep their hands on the precise execution.
Entry
Wassenaar, 29 October 2015
William-Alexander
The Minister of Finance,
J.R.V.A. Dijsselbloem
The Minister for Security and Justice,
G.A. van der Steur
Published the 24th of November 2015The Minister for Security and Justice,
G.A. van der Steur
