On 20 December 2016, the Dutch Minister of Finance (the Minister) published the Repair Act Financial Markets 2017 (Herstelwet financiële markten 2017) (the Repair Act). The Repair Act provides for reparations of defects and omissions that have been made while implementing European legislation into Dutch law. The Repair Act provides for amendments, that are necessary after implementation of, among others the Markets in Financial Instruments Directive I (MiFID I), the Solvency II Directive, UCITS V Directive and the Deposit Guarantee Scheme Directive.
The Repair Act provides for technical amendments to, among others, the Act on the Financial Supervision (Wet op het financieel toezicht) and the Dutch Civil Code (Burgerlijk Wetboek).
View the Repair Act (Dutch only), 20 December 2016.
View the Explanatory Memorandum to the Repair Act (Dutch only), 20 December 2016.
View the accompanying letter from the Minister (Dutch only), 20 December 2016.