On 29 May 2020, the Netherlands opened a consultation on the Capital Buffers Implementation Decree 2020.
18 Jun 2020
This draft decision contains amendments to the Decree on prudential rules (Bpr), the Decree on the implementation of EU regulations on financial markets (BUEUVo) and the Decree on special prudential measures, investor compensation and deposit guarantee under the Wft in implementation of Directive 2019/878 / EU (CRD-V) and Regulation (EU) 2019/876 (CRR-II) regarding capital requirements for banks and investment firms.
This Decision incorporates the amendments resulting from the Capital Requirements Amendment Directive and the Capital Requirements Amendment Regulation for which the Financial Supervision Act already provides a sufficient basis.
The aim is to implement amendments to the Decree on Special Prudential Measures, Investor Compensation and Deposit Guarantee under the Financial Supervision Act and the Decree on Prudential Rules under the Financial Supervision Act which will enter into force for the most part on 29 December 2020. The main part will enter into force on 28 June 2021.
Consultations runs until 26 June 2020.
This article was originally published in the May edition of REGWATCH. Read the full edition covering the following jurisdictions:
- European Union
- Hong Kong
- United Kingdom