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Implementation of the flex-BV on 1 October 2012

New rules on management and supervision for the NV and the BV

12/06/2012

On 12 June 2012 the legislative proposals regarding the flex-BV were adopted by the Dutch Senate. Implementation of the flex-BV will take place on 1 October 2012.

On 31 May 2011, the Dutch Senate adopted a legislative proposal regarding management and supervision for the NV and the BV. On 2 September 2011 a legislative proposal to close loopholes in the Act on management and supervision was submitted to the Dutch House of Representatives and after that a number of amendments to that proposal. The legislative proposal to close loopholes and the amendments have not yet been debated in the Dutch House of Representatives.

The most significant consequences of the implementation of the flex-BV and new rules on management and supervision for the NV and the BV are set out in the below documents (in Dutch only).

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