Minister of Finance gives further powers to Securities Board

The Minister of Finance has announced that he will transfer certain of the Amsterdam Exchanges’ functions powers in relation to listed securities offerings to the Securities Board of the Netherlands. In a letter addressed to the Lower House of Parliament, the Minister of Finance has announced that he will propose a renewed Securities Market Supervision Bill this year. In that Bill, the Securities Board of the Netherlands will be given the authority to intervene in initial public offerings (IPOs).