Like its peers, the Netherlands Authority for the Financial Markets issued a prohibition on naked short selling with respect to the shares of eight Dutch financial institutions in the heat of the financial crisis. In addition, a disclosure regime was put in place for short sellers holding a net short position of more than 0.25% with respect to one of these financial companies. Although the ban has since been lifted, the disclosure regime remains in effect.
Please click here to view our full briefing on short selling regulations in the Netherlands written by Rogier Raas and Davina Mansu of Stibbe's Amsterdam office.
This article first appeared on www.complinet.com on 16 December 2010, and is the eighth in a series for Complinet by alliance firms Herbert Smith LLP, Gleiss Lutz and Stibbe, and by Gianni, Origoni, Grippo & Partners, a leading Italian law firm, on short selling regulatory developments in Europe.
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