32 results found

On 12 July 2012 the District Court of Rotterdam reversed two administrative fines levied by the AFM

Legislation currently in force provides no special liability regime for financial supervisors.

Marcus Draaisma and Lydia Milders have special expertise in adequately solving fraud cases within boards of directors and in the workplace.

On 12 July 2012, the Netherlands Authority for the Financial Markets imposed an order under pain of penalty on three companies.

An act strengthening the governance of DNB and the AFM entered into force on 16 February 2012.

A bill was adopted by parliament on 20 December 2011 introducing a suitability test for (daily) policy makers of financial institutions and trust offices in the Netherlands.

The US Foreign Corrupt Practices Act ("FCPA") prohibits US persons and companies from bribing foreign officials to obtain business.

Dutch authorities have arrested two individuals and raided a company suspected of circumventing sanctions by providing prohibited IT services and exporting high-tech goods to Russia. The investigation reveals connections between a Dutch company and Russian entities, including sanctioned banks and military equipment manufacturers, with goods allegedly routed through third countries to support Russia's defense industry.

On 21 December 2011, the AFM imposed a EUR 96,000 fine on Mr Homburg, a former director of Homburg Invest, a real estate fund in distress.

On 21 September 2012, the AFM published its preliminary plans for 2013.

As of 1 January 2011, all financial undertakings supervised by DNB and the AFM have to comply with the 2011 Expertise Guidelines for (co-)policy makers.

In May 2011, the AFM and the Dutch Central Bank ("DNB") published an explanation of their joint enforcement policy.

Both Deloitte and Ernst & Young were fined by the AFM for allegedly violating Section 14 of the Audit Firms Supervision Act.

On 15 March 2012, the District Court of Rotterdam reversed a decision of the Dutch Central Bank ("DNB") to instruct a pension fund to substantially reduce its investment in gold.

The Minister of Finance is conducting a consultation on the Financial Markets Amendment Bill 2014.

Supermarket chain Super de Boer should have intervened earlier to avoid possible insider trading. An appeals court recently decided this in proceedings following Jumbo’s takeover of Super de Boer in 2009.

In May 2011, a group of U.S. lawmakers called on SEC Chairman Mary Shapiro to issue guidance and apply enforcement in respect of disclosure requirements of listed companies confronted with (material) cyber crime attacks.

The Dutch Central Bank has recently published a brochure on countering corruption.