What are market manuals?

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	LAST UPDATED 04/01/2010

	Version No.		Title		Publish date		Download
	1 January 2010		Market Administration - Registration and Authorisation: Part 1		04 January 2010		404kB
			Market Administration - Registration and Authorisation: Part 1 (with tracked changes)		04 January 2010		193kB
	05 Jan 2009		Market Administration - Registration and Authorisation: Part 2		16 June 2009		1.6MB
	1 July 2006		Market Administration - Registration and Authorisation: Part 3		01 July 2006		1.6MB
	01 January 2010		Market Administration - Registration and Authorisation: Part 4		30 December 2009		194kB
			Market Administration - Registration and Authorisation: Part 4 (with tracked changes)		30 December 2009		237kB
	05 Jan 2009		Market Operations - Standing Offers, Offer Variations and Standing Data (Chapter 6 Market Rules)		02 Jan 2009		486kB
	17 June 2009		Market Operations - Settlement (Chapter 7 Market Rules)		17 June 2009		388kB
	10 September 2007		Market Operations - Prudential Requirements (Chapter 2 Market Rules)		5 October 2007		104kB

Process for incorporating future changes to market 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.