Market manuals are procedural documents that contain requirements and processes that must be followed by all market participants, MSSLs, EMC and the PSO. Compliance with the requirements in the market manuals is binding under the Market Rules. On 18 November 2002, EMA approved the market commencement version of EMC’s seven market manuals that applied from the date of market commencement.  Table 1 lists the current release of these manuals.

Market manuals are subject to change as the market evolves. The process for revision is based on that required in section 8, Chapter 1 of the Market Rules:

• the proposed modifications are submitted to the Rules Change Panel (RCP) for review,
• the RCP makes a recommendation to the EMC Board as to whether or not the proposed modifications should be adopted,
• the EMC Board makes a decision, and
• the EMA grants final approval.

The approved modifications come into force ten business days after their publication on the EMC website, or on a date specified in the approved modification proposal. Please click here for changes to market manuals pending or under consideration. Please click here for approved changes to market manuals that are not incorporated in the current release.