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ARTICLE · 02 FEBRUARY 2012

Ban On Commissions For Complex Products

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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The Minister of Finance wants to ban commissions for complex and high-impact products from 1 January 2013.

NetherlandsFinance and Banking
Francine Schlingmann
Francine Schlingmann
Joost Schutte
Joost Schutte
Marnix Somsen
Marnix Somsen
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The Minister of Finance wants to ban commissions for complex and high-impact products from 1 January 2013. The Minister's aim is to put an end to all payment streams between the offeror of the product and the adviser or intermediary. The Minister emphasises that the ban will also apply to funeral insurance and private income insurance. The ban is expected to enter into force on 1 January 2013, with an exception made for contracts entered into before 1 January 2013.

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