Act on the Remuneration Policy of Financial Undertakings entered into force
The Act on the Remuneration Policy of Financial Undertakings entered into force as of February 7<sup>th</sup>. This Act entails, amongst others, the introduction of a maximum bonus cap of 20%. However, for employees that still have bonus rights that were awarded to them before January 2015, the bonus cap will not take effect in 2015. The publication of the Act in the <i>Staatsblad</i>, the Dutch Offical Journal, can be found here (in Dutch).