FRANCE: Powernext becomes regulated market

Wednesday February 12 2014

Anticipating the evolution of the regulatory framework, Powernext has carried out in 2013 all the necessary steps in order to become a Regulated Market. This demand obtained a positive opinion from the respective boards of Autorité de Contrôle Prudentiel et Résolution (ACPR) and from Autorité des Marchés Financiers (AMF) held in January 2014. On this basis, the Minister of Economics and Finance has granted the regulatory market status through an Order dated February 5th 2014 and published in the Official Journal of the French Republic on February 8th 2014.

The new market rules and status will take effect on February 12th 2014, date at which the reporting obligations of the EMIR regulation will also enter into force.

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