Key Benefits:
Decision of 16 November 2015, laying down rules amending the Decision on special prudential measures, investor compensation and deposit guarantee, the Decision on prudential rules and the decision on administrative penalties in the financial sector concerning the implementation of Directive 2014 /49/EU of the European Parliament and of the Council of 16 April 2014 on deposit-guarantee schemes (recast) (PbEU 2014, L 173) (Implementation Decision Deposit Guarantee Scheme)
We Willem-Alexander, at the grace of God, King of the Netherlands, Prince of Orange-Nassau, etc. etc. etc.
On the nomination of Our Minister of Finance dated 21 September 2015, 2015 -0000010673, Executive Board Financial Markets;
Having regard to the Articles 3:17, second paragraph, part d , 3:72, 5th Member , 3:259, third and fourth member , 3:259a, fifth member , 3:263, 4th Member , 3:266, 5th Member , 3:267, fifth Member , and 3:266, Fifth paragraph, of the Financial Supervision Act ;
The Department for the opinion of the Council of State heard (opinion delivered on 30 October 2015, No W06.15.0338/III);
Having regard to the further report of our Minister of Finance dated 13 November 2015, 2015 -0000018092, Executive Board Financial Markets;
Have found good and understand:
If, under Article 10 (6) of the Directive, the European Commission approves deposit-guarantee schemes of a target extent of the deposit guarantee scheme below 0.8%, the target size of both individual balances may be granted under a ministerial arrangement as the general part, intended for Article 29.11, first paragraph, of the Decision concerning special prudential measures , they shall be set at half of the minimum target rate approved by the European Commission.
This Decision shall enter into force on a date to be determined by the Royal Decree, which may be adopted in a different way for the various articles or parts thereof.
This Decision is cited as: Implementation Decision Deposit Guarantee Scheme.
Charges and orders that this Decision will be placed in the Official Journal by means of the note of explanatory note accompanying it.
Wassenaar, 16 November 2015
William-Alexander
The Minister of Finance,
J.R.V.A. Dijsselbloem
Published the 25th of November 2015The Minister for Security and Justice,
G.A. van der Steur