meta_id 3338299

On June 18, 2026, the Netherlands Official Gazette published the Implementation Law on Capital Requirements 2026 (Implementatiewet kapitaalvereisten 2026), which transposes European Union Directive 2024/1619 and Directive 2024/2994 into Dutch law. The law amends the Financial Supervision Act (Wet op het financieel toezicht), the Banking Act 1998 (Bankwet 1998), and the Economic Offences Act (Wet op de economische delicten). Key changes include new prudential requirements for banks and investment firms, enhanced governance standards for key function holders, and expanded supervisory powers for the Dutch Central Bank (Nederlandsche Bank). The legislation introduces classifications for branches of third-country enterprises operating in the Netherlands—distinguishing between Class 1 and Class 2 branches—and establishes requirements for their licensing, capital adequacy, and liquidity management. The law also implements provisions addressing concentration risk from central counterparty exposures and environmental, social, and governance (ESG) risk management. Specific provisions address systemic relevance assessments of third-country branches and conditions under which such branches must obtain banking licenses. The legislation establishes new procedures for approvals of significant shareholdings, mergers, and divisions involving financial institutions. Enhanced requirements apply to key personnel, including financial directors and heads of internal control functions, with provisions for cooling-off periods following supervisory roles. The law introduces streamlined procedures for certain notifications and approvals, with specified decision timelines for the Dutch Central Bank and European Central Bank. The law enters into force on a date to be determined by royal decree, which may differ for various articles or provisions. Existing third-country branch permits must be reassessed by January 10, 2027, to ensure compliance with new requirements. Transitional provisions protect existing contractual arrangements concluded before July 11, 2026.