Article 3.1.2

1.       For the purposes of admission to trading in the markets, intermediaries shall send Borsa Italiana a written request conforming with what is provided for in the Instructions.

2.       As of the date on which Borsa Italiana notifies intermediaries of receipt of the request referred to in the previous paragraph with an invitation to complete the participation documentation, intermediaries are required to comply with the general conditions for the supply of services referred to in Article 3.3.4 and these Rules and the accompanying Instructions insofar as they are applicable in the meantime.

4.       Within one month of the day the participation documentation is completed Borsa Italiana shall decide on the request referred to in paragraph 1. Borsa Italiana may extend the time limit not more than once and for up to a maximum of one month where it is necessary to obtain additional information and shall inform the applicant accordingly.