CELEX: 62009CN0445
Language: en
Date: 2009-11-16 00:00:00
Title: Case C-445/09: Reference for a preliminary ruling from the College van Beroep voor het bedrijfsleven lodged on 16 November 2009 — 1. IMC Securities BV, 2. Stichting Autoriteit Financiële Markten

30.1.2010   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 24/29
            
         Reference for a preliminary ruling from the College van Beroep voor het bedrijfsleven lodged on 16 November 2009 — 1. IMC Securities BV, 2. Stichting Autoriteit Financiële Markten
   (Case C-445/09)
   2010/C 24/53
   Language of the case: Dutch
   
      Referring court
   
   College van Beroep voor het bedrijfsleven
   
      Parties to the main proceedings
   
   
      Applicants: 1. IMC Securities BV 2. Stichting Autoriteit Financiële Markten
   
      Question referred
   
   Must the second indent of Article 1(2)(a) of the Market Abuse Directive (1) be interpreted as meaning that the bringing about of price changes in a time span such as that at issue through the commission of a combination of acts with a financial instrument, namely transactions and orders to trade as described …, should be regarded as the ‘securing’ of such an instrument at an abnormal or artificial level?
   
      (1)  Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) (OJ 2003 L 96, p. 16)