Application deferral investment firms

General information regarding deferrals
National supervisors can grant deferrals. A deferral is a postponement of the publication of transactions in case the transaction meets a number of requirements based on the type of product, the average daily turnover of that product and the size of the transaction.

Parties may submit an application for a deferral. The AFM provides an Application form Deferrals for investment firms which also has to enclose the AFM Excel template deferrals for investment firms (see tab Apply). The AFM will only grant its permission when an application is complete and meets the legal requirements. A deferral will be granted per entity for future transactions in financial instruments traded on venues.

Investment firms that perform transactions outside trading venues
Investment firms that perform transactions outside trading venues can be eligible for the option of deferred publication, pursuant to Article 20, paragraph 2 of Article 21, paragraph 4, final paragraph of MiFIR. It then has to concern transactions in financial instruments that are also traded on a venue that uses deferred publication in the trade in those financial instruments. This does not require the AFM's prior permission (therefore this possibility is not shown in the AFM application documents for deferrals).

Investment firms that perform transactions outside trading venues can also use the deferred publication for transactions in financial instruments that are traded on a venue that does not use deferred publication, as referred to in Article 21, paragraph 4, first paragraph of MiFIR. However, this does require the AFM's prior permission. Permission can be acquired by filling in the Application form Deferrals for investment firms which also has to enclose the AFM Excel template deferrals for investment firms (see tab Apply).

Application deferral investment firms

Not applicable.

 

Application deferral investment firms

Not applicable.

 

Application deferral investment firms

Please fill in the forms and send these to the AFM.

It is important to completely and accurately fill in these forms. The 'Application form deferrals for investment firms' has to be signed by a person in the company that is authorized to do so.

Please send the forms by e-mail to Mifid2_deferral@afm.nl and/or by post to:

Dutch Authority for Financial Markets
Attn. Bas Dommerholt
P.O. Box 11723
1001 GS Amsterdam
The Netherlands 

Questions
Questions can be send to: Mifid2_deferral@afm.nl

Forms


The above mentioned forms are only applicable to investment firms (that do not operate a trading venue). Would you like to apply for a deferral on behalf of a market operator or an investment firm operating a trading venue? If yes, please submit the forms as included on Application deferral market operators.

 

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