UNITED STATES OF AMERICA
Before the

COMMODITY FUTURES TRADING COMMISSION

In the Matter of the Application of Euronext Paris SA

for Registration pursuant to Section 4(b)(1) of the Commodity
Exchange Act and Part 48 of the Regulations of the
Commodity Futures Trading Commission in order to permit
direct access to its order entry and trade matching system

ORDER OF REGISTRATION

Pursuant to Section 4(b)(1) of the Commodity Exchange Act (the Act), 7 U.S.C.
§ 6(b)(1), and Part 48 of the Commission’s regulations, Euronext Paris SA (Euronext
Paris), a regulated market authorized by the French Minister for the Economy and
supervised by the Autorité des Marchés Financiers and the Autorité de Contréle
Prudentiel et de Résolution, submitted an application dated August 17, 2012 and
including supplemental submissions filed through July 11, 2018 (the Application),
requesting registration in order to permit identified members and other participants
located in the United States to enter trades directly into its order entry and trade matching
system.

The Commission has reviewed the Application along with the exhibits,
supplemental documents, and other supporting information and representations, and finds
that Euronext Paris has demonstrated its ability to comply with the requirements of the
Act and applicable Commission regulations thereunder, including the requirements for

registration as set forth in Part 48 of the Commission’s regulations.


In light of the foregoing, IT IS ORDERED, pursuant to Section 4(b)(1) of the
Act, 7 U.S.C. § 6(b)(1), that Euronext Paris is granted an Order of Registration to permit
direct access, as that term is defined in Section 4(b)(1)(A) of the Act, subject to the terms
and conditions specified herein:

(1) Compliance with the Act and Commission Regulations. Euronext Paris

shall comply, and shall demonstrate compliance as requested by the Commission, with all
sections of the Act and the Commission’s regulations thereunder applicable to Euronext
Paris as a foreign board of trade registered pursuant to Part 48 of the Commission’s
regulations, as may be amended or adopted from time to time. Euronext Paris shall
comply with the applicable conditions of registration specified in Commission regulation
48.8 and any additional conditions that the Commission deems necessary and may
impose, in its discretion, after appropriate notice and opportunity to respond. Euronext
Paris shall fulfill each of the representations it has made in support of the Application for
registration.

(2) New Regulations. Should the Commission promulgate a regulation
addressing or otherwise affecting any aspect of this Order, then such regulation will apply
and supersede the applicable terms in this Order.

(3) Reservation of Rights. This Order is based upon the representations made
and supporting material provided to the Commission by Euronext Paris as part of the
Application. In the event of any changes to or omissions in the material facts or
circumstances pursuant to which this Order is issued, or any material changes in the
applicable regulatory regimes, including developments relating to international comity, or

for any reason in its own discretion and after appropriate notice and opportunity to


respond, the Commission may condition, modify, suspend, terminate, or otherwise
restrict the terms of this Order, as appropriate and as permitted by law, on its own
motion.

Issued in Washington, D.C., this sf day of November, 2019.

By the Commission

oe J. i: patrick

Secretary of the Commission