For the purposes of this section, “small and medium-sized enterprises” means companies whose average market capitalisation has been less than an amount set by decree on the basis of end-of-calendar-year listings over the last three calendar years.
The Autorité des marchés financiers shall register a multilateral trading facility as a small and medium-sized enterprise growth market at the request of its operator, after verifying that at least 50% of the issuers whose securities are admitted to trading on the facility are small and medium-sized enterprises at the time of its registration as a small and medium-sized enterprise growth market and in any subsequent calendar year, and that…
A financial instrument mentioned in 1 or 2 of II of Article L. 211-1 traded on a small and medium-sized enterprise growth market may only be traded on another small and medium-sized enterprise growth market if the issuer has been informed and has not expressed any objection. The issuer is then not subject to any obligation in terms of corporate governance or initial, periodic or specific information vis-à-vis this other…
Any multilateral trading facility of another Member State of the European Union or of another State party to the Agreement on the European Economic Area that operates without requiring the actual presence of natural persons may offer, on the territory of metropolitan France and the overseas departments and the Department of Mayotte and Saint-Martin, the means of access to this facility.
The Autorité des marchés financiers has the same powers over multilateral trading facilities in another Member State of the European Union or another State party to the Agreement on the European Economic Area as it has over regulated markets under II of Article L. 422-1.
An organised trading facility is a multilateral system that brings together, at the manager’s discretion, multiple buying and selling interests expressed by third parties in order to conclude transactions in : 1° Financial securities referred to in Article L. 211-1 , II, 2 ; 2° Structured financial products within the meaning of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets…
The operator of the organised trading system establishes the rules of the system. These transparent rules ensure a fair and orderly trading process and set objective criteria for the efficient execution of orders on the system. They shall also set the conditions for client admission in accordance with the provisions of Article L. 425-8. The rules of the system, and any amendments thereto, shall be approved by the Autorité des…
The provisions of Articles L. 533-11 to L. 533-16, L. 533-18, L. 533-19, L. 533-24 and L. 533-24-1 are applicable to transactions concluded on an organised trading system.
I.-The operator of an organised trading system shall take all measures necessary to comply with the prohibition set out in Article L. 420-2 for the execution of members’ orders on the system, whether by committing its own capital or the capital of any other legal entity belonging to the group to which it belongs. II – The operator of an organised trading system may not carry on the business of…
I. – By way of exception to I of Article L. 425-4, after obtaining the consent of the client concerned, the operator of the organised trading system may trade by matching with interposition of the proprietary account when the transactions concern : 1° Financial instruments referred to in 1°, products referred to in 2° and units referred to in 3° of Article L. 425-1; 2° Derivatives referred to in 4°…
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is a Registered Trademark of
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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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