+Article 9 5.

Article 9 5.

This Article shall not apply to the acquisition or disposal of a major holding reaching or crossing the 5 % threshold by a market maker acting in its capacity of a market maker, provided that:

(a) 

it is authorised by its home Member State under Directive 2004/39/EC; and

(b) 

it neither intervenes in the management of the issuer concerned nor exerts any influence on the issuer to buy such shares or back the share price.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards