Title II: Trading platforms

Where the AMF has appointed an agent without an adversarial procedure, in accordance with the provisions of the third paragraph of Article L. 421-3, it shall immediately inform the market undertaking and shall then have a period of three months in which to make known its decision to confirm this measure in accordance with an adversarial procedure defined by decree. The provisional measure ceases to have effect if it has…

When the Autorité des marchés financiers considers that an agent should be appointed in accordance with the provisions of Article L. 421-3, it shall inform the market undertaking, by registered letter with acknowledgement of receipt sent to its legal representative or by any other means that ensures receipt by the said representative, of the reasons why it intends to make such an appointment.

The representative of the market undertaking must send its observations to the Autorité des marchés financiers within a period set by the letter referred to in Article D. 421-2. This deadline may not be less than three days. The representative of the market undertaking is summoned to appear before the AMF Board. The notice must reach the representative at least three days before the date of the Board meeting. The…

The decision to appoint a trustee shall specify the foreseeable duration of the assignment and the terms on which the market undertaking will remunerate the trustee, taking into account the nature and volume of the activity and the situation of the market undertaking concerned. The trustee is appointed for a maximum period of one year, renewable if circumstances so warrant, by a decision of the AMF Board taken by a…