1. ICT Solutions for achieving Smart Regulation The Dutch Programme 2011 - 2015

2. Cyprus - April 2012 2 Dutch Economic Policy 2011–2015: 9 TOP SECTORS Investing 1.5 Billion in 2012 – 2 billion in 2015 Top Sectors have strong International position Each Sector assesses Strengths, weaknesses, bottle necks, ambitions and chances Top Sectors contribute to solving social Issues PPP, Long Term Agreements Education is molded to the needs of business community Goal: providing a powerful boost for innovation and economic growth

3. Cyprus - April 2012 3 Top Sectors and Regulatory burden Reduction These Top Sectors are intertwined with the Digital Agenda.nl and Regulatory Reform programme for businesses How to make SMARTER use of ICT to help businesses generate growth and prosperity Digital Agenda Regulatory Reform Top Sectors

4. Cyprus - April 2012 4 Why ICT Solutions for achieving Smart Regulation? ICT creates opportunities for economic growth 60% of Dutch economic growth can be attributed to use of ICT: With an aging population and the need to compete in an open world economy NL need to work harder, work longer and work SMARTER Innovation by ICT Less Regulatory Burdens (by use of ICT) Increase Productivity (Gov and Businesses) More scope to do business and innovate Powerful boost for innovation and economic growth Strong ICT sector

5. Cyprus - April 2012 5 Regulatory Reduction Programme 2015 Reduction of existing burdens Preventing new burdens Improving level of service High trust approach Supervision Leading role for ICT Together with EU and Lower Government authorities Administrative Burdens Compliance Costs Inspection Holiday Certificate of Good Service Right to Challenge Integrated Policy Framework (RIA)

6. Cyprus - April 2012 6 Level of Service: Inspections and Supervision: ONE digital Government High trust approach moving form supervising to guidance ‘Only Once Principle’ for delivering information via ‘Digital Company Dossier’ and Cloud.

7. Cyprus - April 2012 7 To reduce the Regulatory Burden on businesses and increase labour productivity, ICT has to be used on a wider scale: Digital Agenda.nl ICT for Innovation and Economic Growth

8. Cyprus - April 2012 8 How do we do this? 1.Making it easier for Enterprises to work smarter Less overall Regulatory Burdens Higher level of service by all levels of government Chances for innovation 2. High speed and Open Infrastructure Free and open internet New additional Frequencies mobile broad band: G4 (2012) 3. Digital Security and Trust Safe ICT infrastructure Safe online transactions 4. With Knowledge that works Employees that have sufficient digital skills Higher return on investment of ICT research and…..Netherland as Digital Gateway to Europe

9. Cyprus - April 2012 9 Action Line 1: Making it easier for enterprises to work smarter Standard Business Reporting (2013) Digital Company Dossier (2015) Digital Business Platform (2015) Law to give enterprises right to do business online(2015) E Recognition (2014)

10. Cyprus - April 2012 10 Digital Company Dossier

11. Cyprus - April 2012 11 E Recognition What is E Recognition? -Move from a digital key-chain to one digital key -Developed together with market parties (PPP) Benefits -Improved level of service -Less regulatory burdens  contributes to goal of compact government organisation Also applicable for B2B and G2G The aim is for 80% of public authorities that provide services to enterprises to be connected by 2014.

12. Cyprus - April 2012 12 Standard Business Reporting Standardisation in the process of financial reporting (XBRL)

13. Cyprus - April 2012 13 Why Standard Business Reporting? SBR means standardisation in the process of financial reporting: Business to government Currently: Tax office, Chamber of Commerce and Central Bureau of Statistics (2013) Expected: innovation subsidies, government procurement Business to business Currently: Credit reporting to banks Future: insurance, pension funds Government to Government: Expected: reporting of schools to the Ministry of Education, health care and others 13

14. Cyprus - April 2012 14 How would SBR fit into European programmes? (CIP programme or Connecting Europe) Many institutions in Europe receive financial reports: tax authorities, statistical offices. Using SBR makes the reports comparable and more transparent. NL already cooperates with Singapore, Bermuda, Australia, New- Zealand and UAE. Time to connect to Europe! Builds on STORK (eID), SPOCS (eDelivery), PEPPOL (Virtual company dossier). Example of pilot: cross-border electronic submission of financial or statistical data. Involvement e.g. of EC (Eurostat, DG BUDG), Tax authorities, banks, audit companies, statistical offices, chambers of commerce.

15. Cyprus - April 2012 15 Thank you for your attention!