2023-12-30 03:29:50
A complaint was filed by 250 Belgian families holding Triodos share certificates with Dutch regulators, La Libre Belgique reported on Saturday.
In a letter dated December 28, the signatories request the AFM (Autoriteit Financiële Markten) and) the DNB (De Nederlandsche Bank) to initiate an investigation into possible violations of the Dutch law on financial supervision .
They believe that the imposition of the new certificate trading system, via the exchange platform managed by the Dutch company Captin, “has changed the fundamental nature (and risk class)” of the certificate. “This has the consequence that its trading is not (no longer) compliant with market rules and investor protection, which falls under the supervision of the AFM, and may jeopardize the stability of the bank itself , which falls under the jurisdiction of the DNB”, writes Me Laurent Arnauts, the Brussels lawyer for the 250 certificate holders.
He considers that by suspending the old quotation and refusing to restore it as it was before, the bank committed a fault which constitutes an abuse of rights. It is on this basis that he intends to ask Triodos to buy back his clients’ certificates at the price at which they bought them (89 euros) instead of the value obtained today. During the last weekly transaction on December 27, the price fell to 20.50 euros for a total volume of 5,555 certificates, or approximately 113,877 euros. The complaint will be filed in January.
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