Article 722-14 into force since
- Version into force since
For the application of Article L. 54-10-5 V 6° of the Monetary and Financial Code, the services provider operating a trading platform for digital assets may not commit its own capital, unless it meets the following conditions:
it acquires or sells digital assets to ensure liquidity on the said platform; and
the amount of the transactions performed by the operator is proportionate to the total market capitalisation of the digital asset concerned.
It shall freely determine their prices.
It shall not derive, directly or indirectly, any advantage or benefit from the knowledge, use or disclosure of information likely to adversely affect the integrity of digital assets markets. It shall adopt trading restrictions for the individuals participating in the operation of the trading platform for digital assets for its account.
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