The implementation of the Market Abuse Directive in the Netherlands has brought some important changes to Dutch insider trading and market abuse rules.

An issuer whose shares are admitted to trading on a regulated market will have to inform the public as soon as possible of unpublished price-sensitive information which directly concerns it and ensure that such inside information is not disclosed selectively, keep lists of persons working for the issuer who have access to inside information, and notify the market of all dealings in the issuer's own shares by directors and certain senior managers. Related rules must require such persons to notify the company of their dealings.

This is an area that enjoys increasing attention by the Dutch financial markets authority. CMS Derks Star Busmann can assist you with ensuring compliance with all applicable rules.