Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 22 JULY 2014

Bill On Remuneration Rules For Financial Undertakings Submitted: Bonus Cap One Step Closer

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Contributor
De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

Our clients are increasingly operating in South-East Asia and require legal assistance in the...

View firm profile
Explore more from De Brauw Blackstone Westbroek

The submission of a bill to the Dutch parliament on the remuneration rules for financial undertakings has moved one step closer to fixing a 20% cap on bonuses.

NetherlandsFinance and Banking
Francine Schlingmann
Francine Schlingmann
Kees Groffen
Kees Groffen
Author LinkedIn connections

The submission of a bill to the Dutch parliament on the remuneration rules for financial undertakings has moved one step closer to fixing a 20% cap on bonuses. Financial undertakings may not award variable pay above 20% of the annual fixed remuneration. They will have to adapt their remuneration policies to reflect this bonus cap as well as make other changes. In a previous article we discussed the public consultation for this bill. In this article we highlight the most important changes to the bill as compared to the consultation document.

In its advice regarding the outcome of the bill's consultation, the Dutch Council of State criticised the bonus cap, among other things. This criticism, however, was set aside and the bonus cap has been retained. Some changes were made though, the most important of which are:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

DNB Increases Focus On Late Statistical Reporting: What Reporting Entities Need To Know

The Dutch Central Bank (DNB) has introduced a revised enforcement policy that imposes administrative fines and penalty payment orders on designated reporting entities that repeatedly fail to submit statistical reports on time. Captive financial institutions, fund managers, securitisation vehicles, and certain holding and royalty companies must now ensure their governance frameworks support timely compliance...
NetherlandsFinance and Banking
Loyens & Loeff
Loyens & Loeff
Article

Crypto M&A In Europe: 10 Legal Recommendations

Crypto M&A transactions demand comprehensive due diligence beyond traditional legal and financial analysis, with regulatory compliance, tax reporting, governance, cybersecurity and licensing requirements emerging as critical value drivers. This leaflet examines ten essential areas that buyers, investors and crypto businesses must evaluate when preparing for or executing crypto M&A transactions in Europe, drawing on integrated law and tax expertise.
NetherlandsFinance and Banking
Loyens & Loeff
Loyens & Loeff
Article

Trading Disruption Risk Expected For EU Companies Listed Or Traded Outside The EU

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.
European UnionInternational Law
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Article

EU Companies Listed Or Traded Outside EU To Be Aware Of Upcoming Expiry Of Key Trade-facilitating Clause

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.
European UnionFinance and Banking
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Article

Dutch Competition Regulator's Call-in Power Passes "First Phase" As Lower House Adopts Bill

The Netherlands is poised to grant its competition authority unprecedented power to scrutinize mergers that fall below traditional notification thresholds, targeting potentially harmful transactions such as roll-up strategies and killer acquisitions. While the Dutch House of Representatives has approved the bill despite criticism from the Council of State, the legislation introduces an asymmetric threshold system and raises standard notification requirements, fundamentally reshaping the country's merger con
NetherlandsAntitrust/Competition Law
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek