Dutch Financial Undertakings (Remuneration Policy) Act
A bill in respect of remuneration in the Dutch financial sector is currently being debated in the senate: the Dutch Financial Undertakings (Remuneration Policy) Act (Wet beloningsbeleid financiële ondernemingen; the Act).
The proposed rules apply to all financial undertakings that are regulated by the Dutch Financial Supervision Act (Wet op het financieel toezicht) and have their statutory seat in the Netherlands. Such financial undertakings have to ensure that their subsidiaries, in and outside the Netherlands, also comply with the Act. If the financial undertaking is part of a group … Continue Reading