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Article L621-5 of the French Monetary and Financial Code

A decree in the Conseil d’Etat shall set the conditions and limits under which : 1° The Board may delegate authority to the Chairman or, if the Chairman is absent or unable to act, to another of its members, to take individual decisions falling within its remit; 2° The Board may delegate powers to a specialised commission in accordance with III of Article L. 621-2; 3° The Chairman of the…

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Article L621-5-1 of the French Monetary and Financial Code

A Secretary General is responsible for the operation and coordination of the departments under the authority of the Chairman. The staff of the AMF is made up of public-sector employees under contract and private-sector employees. Under conditions laid down by decree in the Conseil d’Etat, public employees may be placed with the Autorité des marchés financiers in a position provided for by the regulations governing them. The provisions of Articles…

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Article L621-5-3 of the French Monetary and Financial Code

I. – A fixed fee is payable by persons subject to the supervision of the Autorité des marchés financiers, where provided for by law or regulation, in the following cases: 1° In the event of publication by the AMF of a declaration made by a person acting alone or in concert pursuant to II or VII of Article L. 233-7 of the Commercial Code or Article L. 233-11 of the…

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Article L621-5-4 of the French Monetary and Financial Code

I.- The duties and contributions mentioned in article L. 621-5-3 are liquidated, authorised and recovered according to the procedures laid down for the revenues of the State’s public administrative establishments. Disputes relating to these duties and contributions shall be brought before the Paris Administrative Court. They are paid under conditions and on a date set by decree. II – When a payment notice is required, the payment period is thirty…

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Article L621-5-5 of the French Monetary and Financial Code

The Autorité des marchés financiers may receive voluntary contributions from professional associations representing persons subject to its supervision, with a view to financing projects of common interest. An order of the Minister for the Economy shall specify the purpose of these contributions and the associations mentioned in the first paragraph.

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Article L621-6 of the French Monetary and Financial Code

For the performance of its duties, the AMF shall adopt a set of General Regulations, which shall be published in the Official Journal of the French Republic after approval by order of the Minister responsible for the economy. The AMF may issue individual decisions for the application of its General Regulation and the exercise of its other powers. It may also issue instructions and recommendations to clarify the interpretation of…

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Article L621-7 of the French Monetary and Financial Code

The General Regulation of the Autorité des marchés financiers determines in particular : I.-The rules of professional practice that apply to issuers when they make offers to the public, with the exception of those mentioned in 1° of Article L. 411-2 or 2 or 3 of Article L. 411-2-1, or whose financial instruments, units mentioned in Article L. 229-7 of the Environmental Code are admitted to trading on a regulated…

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Article L621-7-1 of the French Monetary and Financial Code

The General Regulation of the Autorité des Marchés Financiers may also lay down rules for informing the Autorité des Marchés Financiers and the public about orders, transactions and positions in financial instruments and units referred to inArticle L. 229-7 of the Environmental Code that are not admitted to trading on a regulated market.

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