+Article 51a 5.

Article 51a 5.

By way of derogation from paragraph 4, Member States may require that regulated markets establish, at the time of admission, at least one of the following requirements for an application for admission to trading of shares:

(a) 

a sufficient number of shares is held by the public;

(b) 

the shares are held by a sufficient number of shareholders;

(c) 

the market value of the shares held by the public represents a sufficient level of subscribed capital in the class of shares concerned.

1. Vue d’ensemble

,

1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes