Short Reads

Implementation of the new market abuse regime – legislative proposal published

Implementation of the new market abuse regime – legislative proposal published

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Commission under this Directive, and the current Dutch laws and regulations with respect to market abuse will be repealed as of 3 July 2016.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

14.10.2021 NL law
NFTs: New legal challenges on the horizon

Short Reads - Non-Fungible Tokens, widely known as NFTs, have recently gained much attention due to their role in the transfer of digital artworks. The market for NFTs grew from USD 13.5m in the first six months of 2020 to USD 2.5bn in the first half of 2021 and is still growing at an expansive rate. Notwithstanding their increasing popularity in the world of art, NFTs have many potential applications. In this blog Maciek Bednarski, Annemijn Witkam and Roderik Vrolijk explain what NFTs are and describe some of the legal challenges they will bring about.

Read more

11.10.2021 NL law
Vervolgonderzoek van de AFM naar incidentmeldingen door asset managers

Articles - Sinds de uitbraak van het coronavirus wordt ook in de financiële sector meer op afstand samengewerkt. Dat brengt specifieke risico’s met zich mee. De Autoriteit Financiële Markten (AFM) gaat daarom vervolgonderzoek doen naar het melden van incidenten door asset managers. De reden is het uitblijven van een stijging van het aantal incidentmeldingen ondanks herhaalde oproepen daartoe.

Read more

15.10.2021 NL law
BRRD II implementation in the Netherlands

Short Reads - Recently, the Dutch bill for the implementation of BRRD II (i.e. Directive (EU) 2014/59 establishing a framework for the recovery and resolution of credit institutions and investment firms, as amended by Directive (EU) 2019/879) in the Netherlands was submitted to Dutch Parliament, where it is currently under debate.

Read more