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Trouble Dutch: An error of judgment on inducement rules?

AFM building, The Netherlands.
Photo: AFM

Jake Green | Ashurst, Jack Collins | Ashurst

7 min read
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The Dutch Authority for the Financial Markets has made an extraordinary decision, says Ashurst.

The Dutch Authority for the Financial Markets (the AFM) has fined BUX BV (BUX) €1.6m ($1.8m) for, in its view, breaching inducement rules (see the AFM’s full decision). We consider the AFM’s decision to be wrong on every level.

In short, and in simplified terms, BUX made payments to:

  1. “finfluencers”
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