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Agenda 2013
According to its 2013 agenda and budget, the AFM wants to devote extra attention this year to professional clients of financial undertakings. It also wants to look at the extent to which conduct supervision contributes to the stability of the financial system. In this connection, the AFM will especially consider the functioning of the markets for derivatives and structured products. It will also look at 'shadow banking' and securities lending. In addition to these new focus points, the AFM will continue to work on regular supervisory themes such as information on pensions and quality of financial service provision.
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Best practices with regard to market abuse
The AFM has published examples (in Dutch) of best practices used by investment firms to recognise and detect market abuse.
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Register for financial information leaflets
Financial information leaflets that have to be provided for complex financial products may now be viewed on the AFM website.
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AFM and FINRA sign Memorandum of Understanding
The AFM and the U.S. financial industry regulator FINRA have signed a Memorandum of Understanding about exchange of information. The aim is to improve cooperation in combating potential market abuse.
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Frequently asked question about "walkaway
rights"
The AFM has published an answer on its website to the question whether qualified investors are also entitled to withdraw their acceptance of securities offered within two working days of a supplement's publication if securities are exclusively offered to them. The AFM believes qualified investors do not have this right. An offer of securities exclusively to qualified investors does not require an approved prospectus. No approved supplement is therefore required if an important new development occurs.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
