Regulatory Alerts2026-06-15
Added · Updated
Interpretation of Articles 16 and 16b of the Wta
The Dutch Authority for the Financial Markets (AFM) issues this interpretation to clarify Articles 16 and 16b of the Wta, requiring that accountants maintain a central position and decisive influence within accounting organizations to safeguard the public interest. The document mandates that accountants must hold the majority of voting rights and determine daily policy, explicitly prohibiting non-accountant investors from using veto rights or qualified majorities to block decisions. It permits only specific, basic investment protection measures related to the continuity and identity of the organization, such as dissolution or merger, provided they do not undermine accountant independence.
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