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Book III - Service providers
Title I - Investment services providers
Chapter V - Other provisions
Section 1 - Management of inside information and restrictions to be applied within authorised investment services providers
Sub-section 4 - Listing of a company's securities on a regulated market in financial instruments
Article 315-6 from 01/04/2024

Article 315-6 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/315-6/20240401/notes

Where the offer is open to any category of investor, the lead manager shall endeavour to avoid an obvious imbalance, to the detriment of individual investors, between the allotment for such investors and the allotment for institutional investors. Thus, when a placing procedure intended specifically for institutional investors coexists with one or more procedures intended specifically for individual investors, the lead manager shall endeavour to provide for a transfer mechanism to avoid such an imbalance.