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  • Market Making Agreement

    • MIR-4.19.5

      The market making agreement must specify the conditions within which the market maker will trade on behalf of the issuer by buying and selling the issuer's securities.

      Added: January 2019

    • MIR-4.19.6

      The sole purpose of the market making agreement must be to enhance liquidity and improve regularity of trading.

      Added: January 2019

    • MIR-4.19.7

      The market making agreement must establish the initial balances and the minimum balances to be maintained in the securities account and the bank account to ensure continuity of market making activity and the measures to be adopted when the balances in the two accounts are insufficient to enable trades under the market making agreement.

      Added: January 2019

    • MIR-4.19.8

      The market making agreement must establish the market maker's independence as a provider of liquidity

      Added: January 2019

    • MIR-4.19.9

      The market making agreement must establish the conditions for the remuneration payable by the issuer to the market maker.

      Added: January 2019

    • MIR-4.19.10

      The duration of the market making agreement must not exceed a period of 12 months. Upon completion of the initial 12 months period and subject to mutual agreement of issuer and market maker, the market making agreement may be extended for an additional period of 12 months provided the licensed exchange or licensed market operator grants its approval for such an extension.

      Added: January 2019