Subsection 2: Obligations of the market undertaking

I. – With a view to recognition as a regulated market, the market undertaking shall draw up the rules of the market. These rules, which are transparent and non-discretionary, ensure fair and orderly trading and set objective criteria for the efficient execution of orders. They also set the conditions for admission of members in accordance with the provisions of Article L. 421-17 . In particular, they determine the conditions for…

I. – The contracting company shall take the necessary steps to : 1. Detect, prevent and manage the potentially harmful effects, for the proper functioning of the regulated market or for market members, of any conflict of interest between the requirements for the proper functioning of the regulated market that it manages and its own interests or those of its shareholders; 2. To have at its disposal at all times…

Without prejudice to Article 53 of Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories, a market undertaking shall authorise its members to designate a system for the settlement and delivery of transactions in financial instruments concluded on the regulated market that it manages, subject to the following cumulative conditions:…

Without prejudice to Titles III, IV or V of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories and Article 53 of Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories, the AMF may prohibit…