DOC-2013-09 Exemption for Market Making and Primary Market Operations under Regulation (EU) No 236/2012

The French Autorité des Marchés Financiers (AMF) integrates ESMA guidelines on market making into its regulatory position DOC-2013-09. This position clarifies the scope of the exemption for market making activities, the competent authority for notifications, and the general principles and eligibility criteria for the exemption under Regulation (EU) No 236/2012. The AMF has declared its intention to apply these guidelines simultaneously with other European regulators, with the application date deferred until that collective implementation occurs.

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III - Service Providers
III. 1 - Investment Service Providers
III. 1.4. Other Obligations
Doctrines
Markets

Exemption for Market Making and Primary Market Operations under Regulation (EU) No 236/2012

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Applicable as of June 19, 2013
Position DOC-2013-09

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Summary
The AMF integrates into a single position the ESMA guidelines on market making (ESMA/2013/74). These guidelines clarify the scope of the exemption for market making activities, the designation of the competent authority to whom the notification must be addressed, the general principles and eligibility criteria for the exemption, as well as the exemption procedure. The application date for this position is deferred until the application of the guidelines by all European regulators.

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Reference texts

Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps Text with EEA relevance, OJEU of March 24, 2012

The AMF declared to ESMA its intention to apply the guidelines on market making when all regulators apply them within the EU, AMF press release of June 19, 2013

Notification of the intention to use the exemption referred to in Article 17, paragraph 3, of Regulation (EU) No 236/2012 Legal notices:
Publisher: The Director of the AMF Communication Department. Contact: Communication Department, Autorité des Marchés Financiers - 17, place de la Bourse - 75082 Paris Cedex 02

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Lineage: In force

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Source: Autorite des Marches Financiers — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works