The French Financial Markets Authority (AMF) issued Instruction DOC-2017-03 to define the publication and reporting modalities for share buybacks and stabilization measures by listed issuers. The instruction was updated on January 9, 2026, to align with the first phase of the Listing Act, specifically regarding the competent authority for MAR Article 5 buyback declarations and the required information format. It now includes all standard declaration forms in its annexes, maintaining their original content while clarifying regulatory references.
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I - Issuers and Financial Information I. 5 - Financial Transactions I. 5.3 - Share Buybacks
Doctrine Information and Financial Transactions
Modalities for Reporting Transactions Conducted by Listed Issuers on Their Own Shares and Stabilization Measures
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Applicable as of January 9, 2026 Instruction DOC-2017-03
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Summary This instruction defines the modalities for the publication and reporting of buyback transactions carried out in the context of interventions by listed issuers on their own shares and stabilization measures.
Modifications made on January 9, 2026 The modifications were made following the entry into force of the first phase of measures from the "Listing Act". These concern the competent authority to which buyback transactions carried out under the conditions of Article 5 of MAR must be reported and the format of the information to be published. The instruction now lists among its annexes all standard declaration forms, the content of which remains unchanged.
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Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (hereinafter the "MAR Regulation")
Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regulatory technical standards concerning the conditions applicable to buyback programmes and stabilization measures
Articles L. 225-209-2, L. 22-10-62, L. 22-10-64 and subsequent articles of the Commercial Code.
Article L. 451-3 of the Monetary and Financial Code
Article 221-3 of the RGAMF
Article 221-4 of the RGAMF
Article 241-1 of the RGAMF
Share Buybacks - Forms and Declarations Legal notices: Publisher: The Director of the Communication Department of the AMF. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02