AFM publishes Guideline for Shareholders
04-01-2012The Netherlands Authority for the Financial Markets (AFM) has published a Guideline for Shareholders, which replaces its previous Information Brochure for Shareholders.
The current rules for notification of voting rights, capital, control and capital holdings in issuing institutions are extended with effect from 1 January 2012. The rules are stated in Section 5.3 of the Financial Supervision Act and the Decree on the Disclosure of Major Holdings and Capital Interests in Issuing Institutions. The extension of the requirements is linked to the entry into force of the legislative proposal regarding the introduction of a notification requirement for certain cash-settled instruments.
The AFM wishes to draw attention to the initial notification requirement which applies as a result of the proposal taking effect.
The AFM promotes fair and transparent financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the fair and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.