Netherlands – AFM Fines for Shareholding Disclosure Violation

Netherlands – AFM Fines for Shareholding Disclosure Violation

On 6 November 2024, the Netherlands Authority for the Financial Markets (AFM) imposed a fine on Nyenburgh Holding B.V. (Nyenburgh) for not reporting shareholding transactions to the AFM in a timely or incorrect manner.

  • Three different shareholding transactions in the period from 31 May 2018 to 5 March 2021
  • Imposed fine of of €240,000, which is considerably lower than the usual fine imposed for similar violations
  • Nyenburgh is bankrupt