Commission Delegated Regulation (EU) 2022/1959 of 13 July 2022 supplementing Regu... (32022R1959)
Commission Delegated Regulation (EU) 2022/1959 of 13 July 2022 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards setting out a contractual template for liquidity contracts for the shares of issuers whose financial instruments are admitted to trading on an SME growth market (Text with EEA relevance)
- COMMISSION DELEGATED REGULATION (EU) 2022/1959
- of 13 July 2022
- supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards setting out a contractual template for liquidity contracts for the shares of issuers whose financial instruments are admitted to trading on an SME growth market
- (Text with EEA relevance)
- Article 1
- Template for a liquidity contract
- Article 2
- Entry into force
- ANNEX
- Template for a liquidity contract
- LIQUIDITY CONTRACT
- 1.
- DEFINITIONS
- 2.
- OBLIGATIONS OF THE LIQUIDITY PROVIDER
- 2.1.
- Authorisation
- 2.2.
- Independence of the liquidity provider
- 2.3.
- Conflicts of interest
- 2.4.
- The liquidity account
- 2.5.
- Orders to buy and sell
- 2.6.
- Daily trading activity
- 2.7.
- Record keeping
- 2.8.
- Audit and compliance
- 2.9.
- Transparency
- 3.
- OBLIGATIONS OF THE ISSUER
- 3.1.
- Independence of the liquidity provider
- 3.2.
- Transparency
- 3.3.
- Limits to the resources allocated to the performance of the contract
- 3.4.
- Remuneration of the liquidity provider
- 4.
- TEMPORARY SUSPENSION OR RESTRICTION OF THIS CONTRACT
- 4.1.
- [situations in which, or conditions under which, the performance of the contract may be temporarily suspended or restricted]
- 5.
- OTHER CONTRACTUAL TERMS AND CONDITIONS
- 5.1.
- [Parties are free to insert additional clauses to the contractual template to reflect the specificities of the individual case, in accordance with the parties’ freedom to contract (e.g. law governing the contract, confidentiality, duration, termination, renewal, jurisdiction and any other additional provisions to cater for the specificities of the individual case)]
- 6.
- SUBMISSION OF THE DRAFT CONTRACT
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