Investment services providers, market undertakings and clearing houses must provide the Banque de France with the information required to compile monetary statistics.
Undertakings established in France which are part of a group to which one or more management companies have their registered office in a Member State of the European Union or in another State party to the Agreement on the European Economic Area or in a State where the agreements provided for in article L. 632-16 are applicable are required, notwithstanding any provisions to the contrary, to forward to undertakings in…
Investment services providers shall keep, in accordance with the conditions laid down in the General Regulation of the Autorité des marchés financiers, relevant information relating to all transactions in financial instruments that they have entered into.
When investment service providers other than portfolio management companies trade over-the-counter financial instruments that are economically equivalent to commodity derivatives, units referred to in Article L. 229-7 of the Environmental Code or to financial contracts underlying the latter, they shall provide, in accordance with Article 26 of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and, where…
I.-Portfolio management companies : 1° Put in place rules and procedures to ensure compliance with the provisions applicable to them, including those set out in Article 11 of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on over-the-counter derivatives, central counterparties and trade repositories ; 2° Put in place rules and procedures to ensure that persons under their authority or acting on…
Portfolio management companies and investment services providers that provide the investment service referred to in 4 of Article L. 321-1 employ : 1° A method of risk management on behalf of third parties that enables them to monitor and measure at any time the risk associated with the management of portfolio positions and transactions and the contribution of these to the overall risk profile of the managed portfolio. In particular,…
Without prejudice to the application of Section 8 of Chapter I of Title I of Book V, Articles II and III of Article L. 533-29 apply to credit institutions authorised to provide one or more of the investment services referred to in Article L. 321-1.
In this sub-section and for the purposes of the provisions relating to algorithmic trading : 1° “algorithmic trading” means trading in financial instruments in which a computer algorithm automatically determines the parameters of orders, such as whether or when they should be issued, the price or quantity terms, or how they will be managed after they have been issued, without human intervention or with limited human intervention. Algorithmic trading does…
Investment services providers other than portfolio management companies that use algorithmic trading : 1° Have effective systems and risk controls appropriate to their business to ensure that their trading systems: a) Are resilient and have sufficient capacity ; b) Are subject to appropriate trading thresholds and limits; c) prevent the sending of erroneous orders or any other operation of the systems likely to give rise to or contribute to market…
Investment services providers other than portfolio management companies that use algorithmic trading in a Member State of the European Union or party to the Agreement on the European Economic Area shall: 1° Notify the Autorité des marchés financiers as well as the competent authority designated as the contact point, within the meaning of Article 79(1) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014…
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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