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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 570-8 from 29/08/2010 to 28/10/2018

Article 570-8 into force from to

  • Version into force from to
ELI : /en/eli/fr/aai/amf/rg/article/570-8/20100829/notes

In the case of a sale made outside a market mentioned in Title I or Title II of Book V, or an equivalent trade, as specified in an AMF instruction, and excluding the case provided for in Article 570-7, the transfer of ownership referred to in Article L. 211-17 of the Financial and Monetary Code results from entry in the account of the buyer, which takes place when the account of the buyer's custody account-keeper is credited on the books of the central depository.

This account entry date shall occur no earlier than three trading after the sale date, unless the parties agree otherwise.

The same date shall apply when the financial instruments of the buyer and the seller are recorded on the books of the same custody account-keeper.