After many attempts to adopt a statute on conflict of interest, Parliament has finally achieved its goal. On December 12, 2006 the Federal Accountability Act received Royal Assent. This voluminous statute contains, inter alia, the Conflict of Interest Act. It regulates conflict of interest situations which may occur during and after the mandate of a public office holder. In this text, the author describes the general content of this act and makes some critical remarks on the scope and limits of the “conflict of interest’ concept chosen by Parliament. She also raises questions regarding the evolution of conflict of interest rules in the context of contemporary changes in public governance.