On 17 December 2013 the Financial Markets Amendment Decree 2014 (the "Amendment Decree 2014"), containing amendments to a number of existing decrees, was finally published. Among other things, the Amendment Decree 2014 imposes the long-announced ban on inducements for investment firms. In its final form, the inducement ban deviates in two respects from the draft version submitted by the Dutch Minister of Finance to the market for consultation on 3 April of this year. Firstly, the ban is limited to investment services to non-professional clients. Secondly, the transitional provisions differ from those originally proposed. This newsletter will discuss the details of the definitive inducement ban, which will enter into force on 1 January 2014.
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