DOC-2005-10 Mandate for the Administration of Registered Financial Securities

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III - Service Providers
III. 2 - Other Service Providers
III. 2.1. Custodian Account Keepers

Doctrine
Securities Transactions

Mandate for the Administration of Registered Financial Securities

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Applicable as of December 7, 2005
Instruction DOC-2005-10

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Reference texts

Article 322-50 of the General Regulation

Single Article - Model of the Mandate
The mandate referred to in Article 322-50 of the AMF General Regulation conforms to the following model:

"Between the undersigned:

(Name of the holder of the administration account), holder of administration account number … residing at … ; (Name of the qualified custodian account keeper) It has been agreed as follows:

(Name of the holder of the administration account), holder of administration account number …, grants a mandate to (Name of the intermediary custodian account keeper) to administer his registered financial securities whose registrations appear on his securities accounts opened with the issuers and will be reproduced in his administration account. (Name of the intermediary custodian account keeper) will perform all administrative acts (payment of income…). However, he will only perform disposal acts (exercise of rights to capital increases…) upon express instruction from (Name of the holder of the administration account); he may rely on his tacit acceptance for certain operations in accordance with current practices.

Notices of transactions and account statements concerning registered financial securities will be sent according to the procedures provided for all financial instruments by the service and account opening convention between (Name of the holder of the administration account) and (Name of the intermediary custodian account keeper) under Article 322-2 of the AMF General Regulation. These procedures are notably those provided for in Articles 314-105 and 322-5 of the AMF General Regulation."

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