Regulatory Alerts2025-10-22
AFM Market Watch 4: Prevention and Detection of Market Abuse
The Dutch Authority for the Financial Markets (AFM) issued its fourth Market Watch to emphasize the critical role of market participants in preventing and detecting market abuse under Article 16 of the Market Abuse Regulation. The document outlines obligations for firms to maintain effective surveillance systems, submit Suspicious Transaction and Order Reports (STORs), and conduct regular audits, while noting that rising STOR volumes still require improvements in quality and focus on non-equity assets. Additionally, the AFM highlights its data-driven surveillance efforts, supervisory outcomes, and specific observations regarding the trading of European Union Allowances (EUAs) on ICE Endex Markets B.V.
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