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Section 1: Definition; manager approval or authorisation

Article L425-1 of the French Monetary and Financial Code

An organised trading facility is a multilateral system that brings together, at the manager’s discretion, multiple buying and selling interests expressed by third parties in order to conclude transactions in : 1° Financial securities referred to in Article L. 211-1 , II, 2 ; 2° Structured financial products within the meaning of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets…

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