Section 2: Recognition, review and withdrawal of regulated market status.

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.