Article D421-5 of the French Monetary and Financial Code
November 6, 2023
The recognition order provided for in article L. 421-4 is published in the Journal officiel de la République française.
The recognition order provided for in article L. 421-4 is published in the Journal officiel de la République française.
The AMF draws up and maintains a list of French regulated markets. It shall communicate this list to the other Member States of the European Union and to the other States party to the Agreement on the European Economic Area, as well as to the European Securities and Markets Authority.
Silence on the part of the administration shall constitute a decision to reject : 1° Applications for initial approval of the rules of a regulated market made pursuant to the third paragraph of Article L. 421-10; 2° Requests to amend the rules of a regulated market made pursuant to the fourth paragraph of Article L. 421-10.
Silence on the part of the administration shall constitute a decision to reject applications for approval of the programme of operations of market undertakings pursuant to 2° of VII of Article L. 621-7.
The implied decision referred to in 1° of article R. * 421-6-1 arises at the end of a period of three months following the date of receipt of the application; the decision referred to in 2° of the same article arises at the end of a period of one month; the decision referred to in article R. 421-6-2 arises at the end of a period of three months.
The declarations of threshold crossing provided for in the second paragraph of I of Article L. 421-9 shall indicate separately the number of shares and the number of voting rights held in the market undertaking, calculated in accordance with the conditions laid down in Article D. 421-8.
Declarants, subject to the obligation provided for in the second paragraph of I of Article L. 421-9, are persons, acting alone or in concert in relation to the market undertaking: 1° Who directly own more than one tenth, one fifth, one third, one half or two thirds of the shares or voting rights of the market undertaking; 2° Or which control, within the meaning of Article L. 233-3 of the…
The declarations provided for in the second paragraph of I of article L. 421-9 must be made within seven days of the threshold being crossed.
The Autorité des marchés financiers shall inform the European Commission and the European Securities and Markets Authority without undue delay of any measure taken pursuant to the second paragraph of II of Article L. 422-1.
A foreign market in transferable securities, futures contracts or any financial products may be recognised only if the rules governing investor protection, security, supervision and control on that market are equivalent to those that exist on markets placed under the authority of the Autorité des marchés financiers, and provided that the persons authorised to operate on those markets and the products that may be traded on them receive equivalent treatment…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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