Direct access to LIFFE CONNECT® is also available for firms who are affiliated to Euronext Derivatives Members and who do not wish to become Euronext Derivatives Members in their own right. For the purposes of access to LIFFE CONNECT®, Affiliate means an entity which
- owns 95 per cent or more of the Euronext Derivatives Member; or
- is owned 95 per cent or more by the Euronext Derivatives Member; or
- is owned 95 per cent or more by a third party who also owns 95 per cent or more of the Euronext Derivatives Member.
Affiliates must be located in jurisdictions with satisfactory regulatory arrangements and where there is adequate information sharing with either the Competent Authorities or Liffe.
A Member wishing to apply for one of its related entities to have affiliate access should contact its membership department to ensure the jurisdiction where the Affiliate is located is one from which affiliate access is permitted. Applicants should be aware that the jurisdictions from which affiliate access is permissible do vary between the Euronext Derivatives Markets.
All business undertaken by an Affiliate on LIFFE CONNECT® will be done in the name of the Euronext Derivatives Member and that Member will remain ultimately responsible for the conduct of LIFFE CONNECT® business submitted by the Affiliate. As such the Member will necessarily see the Affiliate’s trades executed on LIFFE CONNECT®. Both the Euronext Derivatives Member and the Affiliate must sign the relevant Affiliate paperwork.
If you wish to apply for affiliate access, please contact membership@liffe.com:
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