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Book III - Service providers
Title II - Other service providers
Chapter I - Custody account-keepers
Section unique - Provisions relating to custody account-keeping - terms of reference for the custody account-keeper
Sub-section 4 bis - Provisions relating to the administration of bearer financial securities recorded in a distributed ledger system admitted to trading on a DLT market infrastructure
Paragraph 2 - Professional obligations of administrators of bearer financial securities in a distributed ledger system
Sub-paragraph 1 - General provisions relating to entering into a relationship
Article 322-72-3 from 02/11/2024

Article 322-72-3 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/322-72-3/20241102/notes

When an owner of bearer financial securities recorded in a distributed ledger system makes use of the option given to them by the second paragraph of Article R. 211-4 of the Monetary and Financial Code, to entrust to an intermediary mentioned in Article L. 211-3 of the same code or a DLT market infrastructure, the service of administering their financial securities, they shall enter into a mandate with this administrator that complies with a template provided for in an AMF Instruction. The owner of the financial securities undertakes to henceforth give orders only to this administrator. The owner of the financial securities undertakes not to use the means of access to the financial securities that they have entrusted to this administrator from the date of signature of the mandate.

Said administrator shall notify the DLT market infrastructure of this mandate. When the administration mandate is terminated, the DLT market infrastructure shall be informed of this.