Regulatory Alerts2025-10-22
AFM Market Watch 2: Market Manipulation under MAR and MiFID II
The Dutch Authority for the Financial Markets (AFM) issued this newsletter to define market manipulation under Article 12 of the Market Abuse Regulation and illustrate specific prohibited trading practices. The document details the AFM's data-driven surveillance methods and the legal obligation for financial institutions to submit Suspicious Transaction and Order Reports. It further outlines the enforcement framework, including administrative fines and criminal prosecution, to ensure fair and transparent trading in Dutch capital markets.
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