Share on LinkedInShare on LinkedIn

ARTICLE · 01 MAY 2012

AFM Revises Brochure On Insider Trading

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Contributor
De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

Our clients are increasingly operating in South-East Asia and require legal assistance in the...

View firm profile
Explore more from De Brauw Blackstone Westbroek

The Netherlands Authority for the Financial Markets ("AFM") has revised its brochure on insider trading. The primary amendment concerns the obligation of insiders to notify transactions in financial instruments issued by their own institution to the AFM.

NetherlandsCriminal Law
Patrick Ploeger
Patrick Ploeger
Marnix Somsen
Marnix Somsen
Roan Lamp
Roan Lamp
Author LinkedIn connections

The Netherlands Authority for the Financial Markets ("AFM") has revised its brochure on insider trading. The primary amendment concerns the obligation of insiders to notify transactions in financial instruments issued by their own institution to the AFM.

At the time the Financial Markets Supervision Act ("FMSA") was drafted, this notification requirement did not apply to an issuing institution established in the Netherlands which has issued financial instruments admitted to trading on a system in a non-member state comparable with a regulated market or multilateral facility. The Financial Markets Amendment Act 2012 has remedied this omission, which explains why the AFM amended its brochure on this point.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Two Arrested On Suspicion Breaching The Sanctions On A Designated Person

Dutch authorities have arrested two men in connection with allegations of violating EU sanctions by operating a web-hosting company that facilitated destabilizing activities against the European Union. The investigation centers on claims that a newly established Dutch company served as a front for a sanctioned entity involved in cyberattacks, disinformation campaigns, and interference operations.
NetherlandsCriminal Law
Duane Morris LLP
Duane Morris LLP
Article

Trading Disruption Risk Expected For EU Companies Listed Or Traded Outside The EU

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.
European UnionInternational Law
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Article

EU Companies Listed Or Traded Outside EU To Be Aware Of Upcoming Expiry Of Key Trade-facilitating Clause

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.
European UnionFinance and Banking
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Article

Dutch Competition Regulator's Call-in Power Passes "First Phase" As Lower House Adopts Bill

The Netherlands is poised to grant its competition authority unprecedented power to scrutinize mergers that fall below traditional notification thresholds, targeting potentially harmful transactions such as roll-up strategies and killer acquisitions. While the Dutch House of Representatives has approved the bill despite criticism from the Council of State, the legislation introduces an asymmetric threshold system and raises standard notification requirements, fundamentally reshaping the country's merger con
NetherlandsAntitrust/Competition Law
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek