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Article L425-6 of the French Monetary and Financial Code

The operator of the organised trading system may use an investment services provider other than a portfolio management company to act as a market maker within the meaning of 2° of Article L. 531-2 on the organised trading system on an independent basis. For the purposes of this article, a market maker is not considered to be acting independently if it has close links with the operator of the organised…

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Article L425-7 of the French Monetary and Financial Code

The operator of the organised trading system shall establish transparent rules concerning the criteria for determining which financial instruments may be traded on its system. When a financial instrument referred to in Article L. 211-1 II.2, admitted to trading on a regulated market, is also traded on an organised trading system without the issuer’s consent, the issuer is not subject to any financial reporting obligations towards the system operator.

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Article L425-8 of the French Monetary and Financial Code

The rules of the organised trading system shall lay down, in a transparent and non-discriminatory manner, the conditions for admission of clients to the system, based on objective criteria. The operator of the organised trading system may obtain from its clients a list of the users to whom they have granted access to the system. The operator of the organised trading system shall clearly inform clients of their respective responsibilities…

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Article L425-9 of the French Monetary and Financial Code

Any organised trading system in another Member State of the European Union or 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 system.

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