Implementation of the new market abuse regime – legislative proposal published

11.05.2016 NL law

On 3 July 2016, the provisions of the Market Abuse Regulation and the new Market Abuse Directive will become applicable. The regulation will directly apply to the Member States of the European Economic Area.

On 19 April 2016, the Dutch legislator published its legislative proposal for an act to implement the new directive and some provisions of the regulation. The existing Market Abuse Directive from 2003 and, the implementing Directives published by the European Commission under this Directive, and the current Dutch laws and regulations with respect to market abuse will be repealed as of 3 July 2016.

In this update, we address the most important changes of the legislative proposal:

1. Background
2. Territorial scope
3. The four core prohibitions of the MAR
4. Market soundings
5. Publication of inside information
6. Managers' transactions
7. Insider lists
8. Insider trading policy
9. Internal procedures for financial institutions
10. Supervision and sanctions
11. Delegated acts and timing

Please click here for the full update.

Team

Related news

06.02.2020 NL law

Stibbe Debt Finance seminar

Seminar - Stibbe will host its annual Debt Finance seminar in Amsterdam on Thursday 6 February. The seminar will feature our lawyers discussing the most vital legal developments and the impact on national and international financing practice.

17.01.2020 NL law

Besluit tot wijziging van de Beleidsregel geschiktheid 2012 gepubliceerd en in werking getreden

Short Reads - Op 14 januari 2020 is het Besluit van DNB en de AFM van 12 december 2019 tot wijziging van de Beleidsregel geschiktheid 2012 in de Staatscourant gepubliceerd. Het besluit is op 15 januari 2020 in werking getreden.

Team: Roderik Vrolijk, Rogier Raas

17.01.2020 LU law

Stibbe boosts service offering in Luxembourg with new partners and counsel for asset management/funds and corporate & finance

Inside Stibbe - Luxembourg, 17 January 2020 – Stibbe reinforces its corporate & finance and asset management/funds practices in Luxembourg with the hire of Bernard Beerens (corporate partner), Audrey Jarreton (banking and finance counsel), Edouard d’Anterroches (investment funds partner), Victorien Hémery (investment funds partner), and Dayana Bert (investment funds counsel). Their arrival comes after the recent hire of tax partner Johan Léonard. All of these new additions demonstrate the firm’s commitment to expanding Stibbe’s service offering in Luxembourg.

15.01.2020 NL law

The Dutch scheme - a summary of the upcoming new restructuring tool

Short Reads - As mentioned in our earlier blog, the Dutch legislator has prepared a bill – the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord) – introducing a framework that allows debtors to restructure their debts outside formal insolvency proceedings (the “Dutch Scheme“). We expect this highly-anticipated bill to enter into force by this summer. The Dutch Scheme combines features from the UK Scheme of Arrangement and the US Chapter 11 proceedings. Below, we summarize certain key aspects of the Dutch Scheme.

Team: Job van Hooff, Daisy Nijkamp

17.01.2020 LU law

Stibbe Luxembourg étend son offre de services par la venue de nouveaux associés et counsels au sein des pratiques spécialisées en gestion d’actifs/fonds d’investissement, en droit des sociétés ainsi qu’en droit financier

Inside Stibbe - Luxembourg, le 17 janvier 2020 – Stibbe renforce ses pratiques spécialisées en droit des sociétés, en droit financier ainsi qu’en gestion d’actifs/fonds d’investissement par la venue de Bernard Beerens (associé, droit des sociétés), Audrey Jarreton (counsel, droit bancaire et financier), Edouard d’Anterroches (associé, fonds d’investissement), Victorien Hémery (associé, fonds d’investissement) et Dayana Bert (counsel, fonds d’investissement).

15.01.2020 NL law

Consultatiereactie 'Wet plan van aanpak witwassen'

Short Reads - Soeradj Ramsanjhal, Karlijn van den Heuvel, Djoe Kuils, Rogier Raas, Judica Krikke en Muriël Rosing hebben een reactie ingediend op het concept wetsvoorstel ‘Wet plan van aanpak witwassen’. Dit wetsvoorstel is 2 december 2019 in consultatie gegaan en bevat verschillende voorgestelde wijzigingen van de Wet ter voorkoming van witwassen en financieren van terrorisme en de Wet op de economische delicten.