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Article D632-5 of the French Monetary and Financial Code

The following market infrastructures are subject to the provisions of Article L. 632-17 : 1° Market undertakings that manage a regulated market as defined in Article L. 421-1, or a multilateral trading facility as defined in Article L. 424-1; 2° Central depositories of financial instruments mentioned in 3° of II of Article L. 621-9; 3° Managers of interbank settlement systems and managers of settlement and delivery systems for financial instruments…

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