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Posted on January 10th, 2012
The Netherlands Authority for the Financial Markets (AFM) has published a Guideline for Shareholders, which replaces its previous Information Brochure for Shareholders.
The current rules for notification of voting rights, capital, control and capital holdings in issuing institutions are extended with effect from 1 January 2012. The rules are stated in Section [...]
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Posted on February 14th, 2011
According to Hans Hoogervorst, two questions dominate the the debates on accounting questions. The first question that always pops up, is to which audience financial reporting should primarily be directed: should they primarily be targeted towards investors, or should they address a more general public, including for example prudential regulators? A second, related [...]
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Posted on October 5th, 2010
The quality of audits must fundamentally improve, according to the AFM, following its inspections of the quality of audits and of quality control monitoring at the four largest audit firms in the Netherlands: Deloitte, Ernst &Young, KPMG and PricewaterhouseCoopers (the Big 4 firms). The inspections show that audits conducted by several Big 4 [...]
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Posted on August 2nd, 2010
The financial regulators from a number of European countries believe that it is necessary to provide clarification, with respect to the regulation regarding auction price manipulation used to benefit unduly from arbitrage between correlated financial instruments (e.g. warrants vs. shares). This is particularly relevant in the context of rights issues given the importance [...]
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Posted on June 30th, 2010
A better performance is needed to meet expectations regarding the audits of financial statements in the financial sector. To meet these expectations auditors need to be fully aware that their real clients are the investors and other users of financial reporting. Also, conducting audits that result in transparent financial reporting is not an [...]
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