3401/1 Subject to Rule 3.5, the Relevant Euronext Market Undertaking may consider an application from a Member who wishes to obtain direct access to an Euronext Market for its Affiliate(s).
3401/2 For the purposes of this Rule, "Affiliate" means a Person who:
(i) owns 95 per cent or more of the Member; or
(ii) is owned 95 per cent or more by the Member; or
(iii) is owned 95 per cent or more by a third party who also owns 95 per cent or more of the Member.
All successful applicants for affiliate access will be notified in writing by the Relevant Euronext Market Undertaking.
3401/3 All business undertaken by an Affiliate on an Euronext Market will be done in the name of the Member and the Member retains full responsibility for the conduct of all such business.