Article 315-15 into force since
- Version into force since
Where a margin deposit consists of financial instruments, the investment services provider can legally refuse any such instrument that:
it considers he would be unable to realise at any time or on his own initiative;
it deems will not provide adequate collateral, having regard to the type of position to be collateralised.
In any event, long positions in a given financial instrument cannot be collateralised with the same financial instrument.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02