Admission to and continued membership of a regulated market by the market undertaking organising trading on that market are subject to compliance with the rules of that market. The relationship between a market undertaking and the members of the regulated market it manages is contractual in nature.
Market undertakings may not limit the number of members admitted to the regulated market they manage. The AMF shall ensure that market undertakings adapt their technical capacity, as necessary, to the requests for access to which they are subject.
Investment firms and credit institutions authorised in a Member State of the European Union or in a State party to the Agreement on the European Economic Area other than France to execute orders on behalf of third parties or to deal on own account may become members of a regulated market referred to in Article L. 421-1: a) Directly, by establishing a branch in mainland France, the French overseas departments,…
I. – Any regulated market in a Member State of the European Union or in another State party to the Agreement on the European Economic Area that operates without requiring the actual presence of natural persons may offer, in mainland France, Guadeloupe, French Guiana, Martinique, Reunion Island, Mayotte and Saint-Martin, the means to access this market. II. – When the Autorité des marchés financiers has clear and demonstrable grounds for…
The public may not be solicited, in any form whatsoever and by any means whatsoever, directly or indirectly, for transactions on a foreign market for financial securities other than a regulated market of a State party to the Agreement on the European Economic Area, negotiable futures contracts or any financial products unless the market has been recognised under conditions laid down by decree and subject to reciprocity.
A multilateral trading facility is a multilateral facility under which multiple third-party buying and selling interests in financial instruments are brought together under non-discretionary rules in order to conclude transactions in those instruments. It operates in accordance with the provisions of this Chapter. The system shall have at least three significantly active members or users, each of whom has the ability to interact with all others in price formation. The…
The operator of the multilateral trading facility establishes the rules of the facility. These rules, which are transparent and non-discretionary, ensure fair and orderly trading and set objective criteria for the efficient execution of orders on the system. They shall also set the conditions for admission of members in accordance with the provisions of Article L. 424-5. The rules of the system and any amendments thereto shall be approved by…
Without prejudice to Titles III, IV or V of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories, and Article 53 of Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories, the Autorité des marchés…
The operator of the multilateral trading facility shall establish transparent rules concerning the criteria for determining which financial instruments may be traded on its facility. When a financial instrument mentioned in 1 or 2 of II of Article L. 211-1, admitted to trading on a regulated market, is also traded on a multilateral trading facility without the issuer’s consent, the issuer is not subject to any financial reporting obligations towards…
The rules of the multilateral trading facility shall lay down the conditions for admission to membership of the facility, based on objective criteria, in a transparent and non-discriminatory manner. Without prejudice to the provisions of Article L. 531-10, multilateral trading facilities may admit as members, in addition to investment firms and credit institutions, persons who: a) Are of sufficiently good repute ; b) have a sufficient level of trading ability,…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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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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