As of 1 June 2009, short positions in Dutch financial institutions have to be notified to the AFM. Delta Lloyd will be traded on a stock exchange established in the Netherlands as a result of its intended flotation. The AFM therefore adds Delta Lloyd to its obligation to notify significant short positions.
The content of the obligation to notify will not be changed. Short positions from 0.25% and each following tenth percent have to be notified to the AFM.
The amended notification obligation will remain in effect until 1 January 2010. Both the term and the content of the measure may be altered in the interim.
In addition, the AFM will continue its efforts within the CESR to create European measures to increase the transparency of short selling.
The AFM promotes fairness and transparency within 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 honest 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.
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.