The Dutch Authority for the Financial Markets has adopted a decision allowing market operators and investment firms that operate a trading venue to delay publication of the volume of certain individual transactions in Dutch government bonds until the end of the trading day. The measure takes effect on 4 May 2026 and applies to trades with a size between EUR 15 million and EUR 50 million. The deferral applies to transactions in Dutch government bonds with an outstanding issuance amount of at least EUR 5 billion. The AFM said the decision implements the harmonised use, agreed with other national supervisors in the European Union, of the MiFIR national power to permit longer delays for publication of transaction volume in sovereign bonds. The decision has been published in the Government Gazette.
Dutch Authority for the Financial Markets 2026-05-01
Dutch Authority for the Financial Markets allows end of day volume disclosure for EUR 15 million to EUR 50 million Dutch government bond trades
The Dutch Authority for the Financial Markets has allowed market operators and investment firms operating a trading venue to delay publication of the volume of individual transactions in Dutch government bonds until the end of the trading day for trades between EUR 15 million and EUR 50 million. The deferral applies to bonds with at least EUR 5 billion outstanding and implements a harmonised use of the Markets in Financial Instruments Regulation power on extended volume publication delays for sovereign bonds agreed with other EU supervisors.