DOC-2020-02 Clarifications on the notion of trading venue, applicable notably to financial instruments registered in a shared electronic registration system

The French Autorité des Marchés Financiers (AMF) issued position DOC-2020-02 on March 6, 2020, to clarify the definition of a trading venue under EU and French regulations. The guidance specifically addresses the application of these definitions to financial instruments registered within a shared electronic registration system, often associated with crypto-assets. This document serves as a doctrinal reference for market participants regarding regulatory compliance for market infrastructures.

France

Autorite des Marches Financiers