As of 2 November investors will have more insight into the trade on the stock exchange. The Netherlands Authority for the Financial Markets (AFM) has placed a new register on its website containing notifications of short positions in listed companies that exceed 0.5 percent. This is the consequence of new European rules for notifying these positions.
The new rules arise from the Regulation on short selling and certain aspects of credit default swaps and technical implementation standards as a result. The Regulation applies directly in the EU Member States.
Parties that already had a net short position on 1 November 2012 in shares or government debts were required to notify these to the AFM before 3:30 pm on 2 November 2012. This also applied to parties who had previously notified a short position under the Dutch measure that applied until 1 November 2012 (non-public notification of short positions in financial institutions) if this position exceeds the new notification threshold.
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.