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DNB informs Dutch prop trading groups that they will become subject to bonus caps
November 14, 2017
The Dutch National Bank has informed the proprietary trading firms that it regulates that, from the 1st April 2018, they will be subject to Capital Requirements Regulation. At the same time, they also announced that these firms would lose their exemption from the maximum 20% bonus cap that applies to the rest of the financial industry in The Netherlands.