Finnius newsletter: Insurers Recovery and Resolution Act
On 27 November 2018, the Insurers Recovery and Resolution Act was adopted by Dutch parliament. We expect that this act will enter into force on 1 January 2019. The Insurers Recovery and Resolution Act will result in material changes in the rules for recovery and resolution of insurers. A large part of the currently existing framework, such as the emergency regulation, will be repealed as per 1 January 2019, and will be replaced by a new framework. In this newsletter we address the ins and outs of the new act, and will also address the impact the act will have on insurers.