Liquidity contract: the AMF extends by six months the period of application of the accepted market practice that came into force in January 2019
Effective since January 1, 2019, the accepted market practice on liquidity contracts is currently under review in accordance with the Market Abuse Regulation. Due to the COVID-19 crisis, it has been extended until June 30, 2021 to allow the regulator to finalize its analyses.
Launched during 2020 in accordance with Article 13 (8) of Regulation (EU) No 596/2014, the review of the AMF's accepted market practice has been delayed due to the health crisis of COVID-19. This review will be the subject of a consultation during the first quarter of 2021 for the purpose of making possible changes to the framework applicable to liquidity contracts.
At the end of the consultation, the AMF will notify ESMA of the market practice with a view to its implementation in the second half of 2021. In the meantime, the current market practice will be extended by six months.
On the same topic
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