On 13 July 2016 a draft bill for the Recovery and Resolution (Insurers) Act (Wet herstel en afwikkeling van verzekeraars, the "Draft Bill") and an accompanying explanatory memorandum ("MvT") were published for consultation; the consultation period closed on 28 August 2016. The proposed new rules are intended to strengthen the legislative framework for the recovery and resolution of insurers. In this newsletter we discuss a number of the most important changes to be introduced under the Draft Bill if passed in its current form. Click here for more.
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