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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
ECLI:EU:UNKNOWN:62009CN0445
62009CN0445
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Valentina R., lawyer
30.1.2010
Official Journal of the European Union
C 24/29
(Case C-445/09)
2010/C 24/53
Language of the case: Dutch
Referring court
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)