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Section 3: Operating conditions for regulated markets and market undertakings.

Article D421-7 of the French Monetary and Financial Code

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.

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Article D421-8 of the French Monetary and Financial Code

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…

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