Back

Logo Amafi Blanc

AMAFI - 13 rue Auber
PARIS 75009

Liquidity contract – AMAFI Charter

AMAFI published a new version of its liquidity contract charter in early September (AMAFI / 24-48a). The document provides clarifications on operation of the liquidity account, position limits, disclosure of contracts to the AMF and the role of the compliance function.

AMAFI also released new versions of the liquidity contract template (AMAFI / 24-48b) and its accompanying explanatory note (AMAFI / 24-48c). This work was an opportunity to update legislative and regulatory references, to clarify the classification of various securities (illiquid, liquid and highly liquid) and the ban on trading beyond limits set by the AMF, and to add stipulations on initial public offerings and block trades. Clarification was also provided on procedures for takeover of securities.

Back

All the news

Settlement

The UK Taskforce and ESMA have advanced in lockstep in their work on shortening the settlement cycle to one day. […]

MiFID – Best execution

As part of the review of the Directive on Markets in Financial Instruments (MiFID), ESMA consulted on a draft implementing […]

Millennials and Markets: The Rise of the Finfluencer

Financial newsletter n°52