What Is A Liquidity Agreement

The Financial Markets Authority has decided to establish a recognized market practice for equity liquidity contracts, based on the opinion of the AEMF of 11 April 2018. This practice will be reviewed after two years from 1 January 2019. The following assets were entered into the liquidity account on the reference date: 90,346 shares. 19,880,644.05 euros. The termination of the liquidity agreement with Kepler Chevreux In accordance with the European Market Abuse Regulation, the Markets Authority notified last February of a draft market practice recognised for the use of liquidity contracts on equities. These contracts between an investment services provider and an issuer improve the liquidity of the shares involved. When these contracts are established as recognized market practices, they provide legal certainty to issuers and investment service providers who implement them and comply with their market manipulation rules. In France (more than 400 French companies have signed a liquidity contract on their securities), this practice is considered decisive for the smooth functioning of the French securities market for medium-sized issuers. The market practices approved by the AMF, which comes into force on 1 January 2019, are taken into account in the opinion of the European Financial Markets Authority (ESMA). Recognized market practices thus limit the management of liquidity contracts with respect to: Legrand announces that the liquidity contract with Kepler Cheuvreux on May 29, 2007 has been terminated for its common shares (code ISIN FR0010307819). Notwithstanding the above, interest on liquidity provider bonds is collected under the ins and counts, calculated and payable at the times set in the liquidity agreement. Wachovia Bank, N.A., as an agent for Blue Ridge and its beneficiaries of the transfer as part of the transaction documents and as part of the liquidity agreement (with its successors and the beneficiaries of the transfer as such, the “agent”).

. A draft of any alternative liquidity facility and associated liquidity agreement, as well as appropriate information on the issuer of such an alternative liquidity facility, are submitted by the Corporation to any credit rating agency that maintains a bond rating. Through the AMF, the AMF is an independent authority responsible for protecting savings invested in financial products, adequately informing investors and monitoring the smooth functioning of markets. Visit our www.amf-france.org website. The liquidity agreement, duly executed by each of the parties. The AMF`s decision can be found on its website, as well as the note which, in accordance with the European regulation, sets out the reasons for the AMF`s decision and why this practice does not compromise the confidence of market conditions. This recognized market practice is reviewed after a two-year period to eventually recalibate the above limit values.

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