Key Benefits:
Law of 23 June 2005 amending the Control of Securities Act 1995, the Law on Economic Crimes and the Code of Criminal Procedure for the implementation of Directive No 17 of the European Parliament and of the Council of 21 December 2004 on the Law of the 2003 /6/EC of the European Parliament and of the Council of the European Union of 28 January 2003 on insider dealing and market manipulation (PbEU) (96), Directive No L 96 /CE of 28 January 2003 on insider dealing and market manipulation (PbEU 2003 /124/EC of the Commission of the European Communities of 22 December 2003 implementing Directive No L 1/12 of the EC Treaty 2003 /6/EC of the European Parliament and of the Council with regard to the definition and disclosure of inside information and the definition of market manipulation (PbEU L 339), Directive No L 339, 2003 /125/EC of the Commission of the European Communities of 22 December 2003 implementing Directive No L 2/125/EC Council Directive 2003 /6/EC of the European Parliament and of the Council with regard to the correct presentation of investment recommendations and the disclosure of conflicts of interest (PbEU L 339) and Directive No 3 of the European Parliament and of the Council 2004 /72/EC of the Commission of the European Communities of 29 April 2004 implementing Council Directive No 70 /72/EC of 29 April 2004 Council Directive 2003 /6/EC of the European Parliament and of the Council as regards normal market practices, the definition of pre-science in respect of instruments derived from raw materials, the drawing up of lists of persons with pre-science, the notification of transactions of senior persons and the reporting of suspicious transactions (PbEU L 72) (Market abuse Act)
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
All of them, who will see or hear these, saluut! do know:
In this regard, we have taken into consideration that it is desirable to Control of securities law 1995 , the Law on economic crimes and the Code of Criminal Procedure to be modified for the purposes of the implementation of Directive No 2003 /6/EC of the European Parliament and of the Council of the European Union of 28 January 2003 on insider dealing and market manipulation (PbEU L 96), Directive No 2003 /124/EC of the Commission of the European Communities of 22 December 2003 implementing Directive No 2003 /6/EC of the European Parliament and of the Council with regard to the definition and disclosure of inside information and the definition of market manipulation (PbEU L 339), Directive No 2003 /125/EC of the Commission of the European Communities of 22 December 2003 implementing Directive No 2003 /6/EC of the European Parliament and of the Council with regard to the correct presentation of investment recommendations and the disclosure of conflicts of interest (PbEU L 339), and Directive No 2004 /72/EC of the Commission of the European Communities of 29 April 2004 implementing Directive No 2003 /6/EC of the European Parliament and of the Council as regards normal market practices, the definition of pre-science in respect of instruments derived from raw materials, the drawing up of lists of persons with inside information, the notification of transactions of Senior staff and reporting of suspicious transactions (PbEU L 72);
In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:
If, before the date of entry into force of this Act, objection or appeal has been lodged against any of the articles included in the Chapter XII of the Securities Control Act 1995 The Court shall decide on the objection to the appeal by the application of the law applicable to that date.
From the date of entry into force of this Law, the register shall be based on: Article 46c, first paragraph (old), of the Securities Control Act 1995 , on Article 47 (2) of that Law .
This Law shall enter into force on a date to be determined by Royal Decree.
This law is cited as: Market Abuse Act.
Burdens and orders that it will be placed in the Official Gazette, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.
Given at The Hague, 23 June 2005
Beatrix
The Minister of Finance,
G. Zalm
Issued the 12th of July 2005The Minister of Justice,
J. P. H. Donner
