Section 1: Definition of regulated market and market undertaking

I.-A regulated market in financial instruments is a multilateral system that brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments, in accordance with non-discretionary rules, in a way that leads to the conclusion of contracts in the financial instruments admitted to trading under the rules and systems of that market. It is recognised and operates in accordance with the provisions of this…

A regulated market is managed by a market undertaking. This undertaking takes the form of a commercial company. Where the market undertaking manages a regulated market, its registered office and effective management are established in mainland France or in the overseas departments or the Department of Mayotte or Saint-Martin. The market undertaking must at all times comply with the laws and regulations applicable to it. The market undertaking carries out…

The AMF may appoint an agent for the market undertaking, to whom all powers of administration, management and representation of the legal entity shall be transferred. This appointment shall be made either at the request of the managers if they consider that they are no longer in a position to perform their duties normally, or on the initiative of the Autorité des marchés financiers if the management of a trading…