Going Dutch: Catch-All Insider Trading

M.S. Groenhuijsen, F.G.H. Kristen

Research output: Contribution to journalArticleScientific

Abstract

In the Netherlands new legislation has come into force in order to deal with insider trading. The legislator followed a new strategy. This time, instead of a provision with well-defined criteria, a sort of a catch all-provision was created. The aim was to avoid difficulties in proving the offence. As a consequence, a new problem has arisen: usual and accepted behaviour on the stock markets, such as exercising a green shoe option, is now within the ambit of the penalisation. The Dutch legislator has thus created some exceptions. These developments are analysed in the paper.
Original languageEnglish
Pages (from-to)331-338
Number of pages8
JournalJournal of Financial Regulation and Compliance
Volume7
Issue number4
Publication statusPublished - 1999

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Shoes
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Cite this

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Going Dutch : Catch-All Insider Trading. / Groenhuijsen, M.S.; Kristen, F.G.H.

In: Journal of Financial Regulation and Compliance, Vol. 7, No. 4, 1999, p. 331-338.

Research output: Contribution to journalArticleScientific

TY - JOUR

T1 - Going Dutch

T2 - Catch-All Insider Trading

AU - Groenhuijsen, M.S.

AU - Kristen, F.G.H.

N1 - Pagination: 8

PY - 1999

Y1 - 1999

N2 - In the Netherlands new legislation has come into force in order to deal with insider trading. The legislator followed a new strategy. This time, instead of a provision with well-defined criteria, a sort of a catch all-provision was created. The aim was to avoid difficulties in proving the offence. As a consequence, a new problem has arisen: usual and accepted behaviour on the stock markets, such as exercising a green shoe option, is now within the ambit of the penalisation. The Dutch legislator has thus created some exceptions. These developments are analysed in the paper.

AB - In the Netherlands new legislation has come into force in order to deal with insider trading. The legislator followed a new strategy. This time, instead of a provision with well-defined criteria, a sort of a catch all-provision was created. The aim was to avoid difficulties in proving the offence. As a consequence, a new problem has arisen: usual and accepted behaviour on the stock markets, such as exercising a green shoe option, is now within the ambit of the penalisation. The Dutch legislator has thus created some exceptions. These developments are analysed in the paper.

M3 - Article

VL - 7

SP - 331

EP - 338

JO - Journal of Financial Regulation and Compliance

JF - Journal of Financial Regulation and Compliance

SN - 1358-1988

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