AFM prolongs measures against short selling

In view of the ongoing exceptional market circumstances, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) has decided to extend its measures against short selling until 28 February 2009 without change.

The AFM’s consultation of market participants and other experts has not provided a clear picture of the desirability to extend the measures or allow them to expire. Other supervisors in Europe have extended their measures, either unchanged or in altered form. The AFM chooses to prolong the Dutch measures. This allows for the possibility to coordinate the duration and scope of the different measures taken across Europe.

[Link to measure & FAQs regarding the measure concerning short selling]

The AFM promotes fair and transparent financial markets. It is the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes due care in the provision of financial services to consumers and ensures that capital markets operate in a fair and efficient manner. Its aim is to strengthen the confidence of consumers and businesses in the financial markets, including those in other countries. In this way, the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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