The administrative five was also imposed on Rodeler Ltd as the AFM found the firm directed Rodeler NL in the violation. The AFM highlighted that such violations can result in a fine of up to €2 million. However, in its decision to impose a €15,000 fine, AFM took into consideration the limited financial strength of…
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The Dutch Authority for the Financial Markets (AFM) announced earlier today that it has signed a Memorandum of Understanding on Mutual Recognition of Funds (MoU) with the Hong Kong Securities and Futures Commission (SFC). Dutch Undertakings for Collective Investment in Transferable Securities (UCITS) and Hong Kong Collective Investment Schemes (CIS) will now be available for…
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The Dutch Financial Markets Authority (AFM) has announced that it has taken national measures mirroring ESMA’s last year restrictions. The AFM will prohibit Binary Options and restrict the marketing, distribution or sale of CFD to retail investors. LeapRate reminds that the new rules, formalized by ESMA in late March, came into effect: Binary Options – from…
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Global Property Research (GPR) has just announced that it has been approved as an registered Benchmark Administrator under the European Benchmarks Regulation (BMR). The Dutch Authority for Financial Markets (AFM) has granted the registration, which is recognised by The European Markets and Securities Authority (ESMA), on its register of approved Benchmark Administrators. GPR is subject…
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Minister Hoekstra of the Dutch Ministry of Finance informed that he has appointed Martin van Rijn as a member of the Supervisory Board of the Dutch Authority for the Financial Markets (AFM). The appointment is as of 1 February 2018 for a period of 4 years. Martin van Rijn is the chairman of the Board…
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The Dutch Authority for the Financial Markets (AFM) just announced that it has given an instruction to suspend trading in Pastor Participaciones Preferentes. Financial instrument: Bond ISIN code: XS0225590362 Reason for suspension: Other disorderly trading conditions Requested by operator of regulated market? No The instruction has been given on 7 june 2017 and is coming into force…
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The Dutch Authority for the Financial Markets (AFM) issued a warning to consumers regarding the business practices of Florijn Duurzaam Wonen B.V. Florijn Duurzaam Wonen offers bonds in the Netherlands. Based on information on its website, the AFM suspects that Florijn Duurzaam Wonen is providing false information to consumers when offering these securities. Florijn Duurzaam…
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The Dutch Authority for the Financial Markets (AFM) just announced that it has given an instruction to suspend trading in New Sources Energy NV. Financial instrument: Shares ISIN code: NL0009822014 The reason for suspension has not been announced yet, but trading in New Sources Energy NV will be forbidden with immediate effect, as from 14th…
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The Netherlands Authority for the Financial Markets (AFM) just announced that it has given an instruction to suspend trading in Telegraaf Media Group. Financial instrument: Telegraaf Media Group N.V. ISIN code: NL0000386605 The reason for suspension has not been announced yet, but trading in Telegraaf Media Group will be forbidden with immediate effect, as from December…
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The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Orix Capital Trading. This company is a suspected boiler room. Orix Capital Trading has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople…
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