On Friday 13 April, the European Securities and Markets authority (ESMA) published a negative opinion on plans by the French Autorité des Marchés Financiers (AMF) to introduce a new accepted market practice governing liquidity contracts.
In accordance with the European market abuse regulation, the AMF notified ESMA of a market practice project on 6 February, explaining that it aimed to ensure a careful transition over the next two years of the current practice of liquidity contracts...