On 1 April 2016, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published a news article to inform market participants that the European Market Abuse Regulation (No 596/2014) (MAR) will enter into force on 3 July 2016.
As of 3 July 2016, most of the current Dutch market abuse rules as laid down in the Act on the Financial Supervision (Wet op het financieel toezicht) will lapse and be replaced by the MAR. MAR differs in a number of ways from the current regime. This will involve a number of changes for listed issuers, including in relation to areas such as disclosure of inside information to the market, maintenance of insider lists and disclosure of/restrictions on dealings by directors and persons discharging managerial responsibilities.
View the AFM’s new item (Dutch only), 1 April 2016.
See also our webinars series on the new market abuse regime.