In a press release published on 2 April 2012, the Dutch AFM explicitly acknowledges the guidelines recently published by ESMA on automated trading and announces publication of an AFM policy rule in that connection.
Following publication by the European Securities and Markets Authority (“ESMA”) of guidelines on automated trading environment for trading platforms, investment firms and competent authorities, the Dutch Authority for the Financial Markets (“AFM”) has issued a press release stressing the importance of ESMA’s guidelines and announcing its intention to publish an AFM policy rule in that regard. ESMA’s guidelines contain organisational requirements for investment firms, regulated markets and multilateral trading facilities in connection with automated trading systems. The new guidelines will enter into force on 1 May 2012.
Bron: "ESMA" Guidelines , AFM Press release