Article 570-3-1 into force since
- Version into force since
For transactions on financial securities admitted to the transactions of a central depositary or delivered in a settlement and delivery system for financial instruments referred to in Article L. 330-1, in the case of a sale that is not settled in full within a time period set by the rules of the clearing house or the settlement and delivery system, the accounting record shall be cancelled.
In the case of a partial settlement affecting multiple buyers, the accounting records shall be cancelled in part in proportion to the rights of each buyer.
Such cancellation of accounting records shall be without prejudice to action brought by the parties concerned.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02