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FR - AMF Guide on dealings by listed issuers in their own securities

01/01/2017

On 2 February 2017, the AMF published a guide for listed companies concerning the procedure to be followed for share buy-backs following in the wake of the European regulation on market abuse (MAR).

On 2 February 2017, the AMF published a guide for listed companies concerning the procedure to be followed for share buy-backs following in the wake of the European regulation on market abuse (MAR). This is intended for issuers whose shares are admitted to trading on Euronext Paris or on a multilateral trading facility ("MTF") such as Alternext Paris or the Marché Libre. It is supplemented by an AMF instruction that specifies the formalities and where appropriate, the format for statements which must be submitted to the AMF. In particular the regulator draws the attention of issuers to the fact that the conditions for implementation of a buy-back programme have been reinforced and that certain operations can no longer benefit from the earlier special scheme. Furthermore, issuers must now fully and effectively publish the buy-backs they perform and this within a period of 7 days.

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