Article 521-3 into force since 03 January 2018

With a view to obtaining authorisation to manage an MTF, the market operator shall send the AMF an application comprising:

1. a programme of operations relating to the envisaged activity setting out inter alia:

   1. the types of business;

   2. its organisational structure, the human material, technical and financial resources implemented;

   3. the provisions and procedures mentioned in I of Article L. 420-9 of the Monetary and Financial Code, notably to control compliance with the system's rules by its members and to ensure a smooth trading process;

   4. the provisions for ensuring compliance with the requirements referred to in Article L. 421-11 of said Code; and

   5. where relevant, the procedure for the clearing of transactions.

2. the relevant elements referred to in Commission Implementing Regulation (EU) 2016/824 of 25 May 2016, notably a description of any links to or participation by a regulated market, a multilateral trading facility, an organised trading facility or systematic internaliser;

3. the operating rules of the facility referred to in Article L. 424-2 of the Monetary and Financial Code.