Dutch regulator admits short notification error
26 January 2017 Amsterdam
Image: Shutterstock
The Dutch financial services regulator accidentally published the wrong daily short positions on its website earlier this week.
The AFM “inadvertently” published a list of net short positions on its website on 24 January that included positions of less than 0.5 percent. Some of these reportedly included short positions in the shares of Dutch banks.
Under the EU Regulation on Short Selling, national financial services regulators are required to issue notifications of net short positions of 0.5 percent or higher on a daily basis, while short sellers that hold a net short position of 0.2 percent or higher in a listed company’s issued capital must tell the relevant regulator.
“The AFM corrected this mistake and posted the correct list of net short positions of 0.5 percent and higher on the morning of Wednesday, 25 January. We regret this error,” the Dutch financial services regulator said in a statement.
The EU Regulation on Short Selling has been in effect since 2012. It was enacted to increase the transparency of short positions in Europe, particularly in times of market stress.
The AFM “inadvertently” published a list of net short positions on its website on 24 January that included positions of less than 0.5 percent. Some of these reportedly included short positions in the shares of Dutch banks.
Under the EU Regulation on Short Selling, national financial services regulators are required to issue notifications of net short positions of 0.5 percent or higher on a daily basis, while short sellers that hold a net short position of 0.2 percent or higher in a listed company’s issued capital must tell the relevant regulator.
“The AFM corrected this mistake and posted the correct list of net short positions of 0.5 percent and higher on the morning of Wednesday, 25 January. We regret this error,” the Dutch financial services regulator said in a statement.
The EU Regulation on Short Selling has been in effect since 2012. It was enacted to increase the transparency of short positions in Europe, particularly in times of market stress.
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