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Book V - Market infrastructures
Title VII - Transfer of ownership of financial instruments accepted by a central depository or settlement system
Article 570-7 from 29/10/2018

Article 570-7 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/570-7/20181029/notes

In application of paragraph 2 Article L. 211-17-II, an entry in the books of the central depository in a real-time settlement system recording the settlement of a transaction in favour of a custody account keeper during the course of a day shall transfer ownership of the securities to that custody account keeper, if it is the acquirer or if its customer has not yet paid for them.. The entry in the books of the central depository shall record a settlement in favour of an acquiring customer of the custody account keeper in the course of the day if said customer has paid for the securities.