Rights of members of the primary dealer network
Article 7
Members of the primary dealer network are entitled to the following rights: (a) to advertise themselves as ‘Member of the European Union Primary Dealer Network’; (b) to participate and bid in any auction of debt securities of the Union or the Euratom; (c) to receive on a regular basis, at least yearly, feedback on its performance, especially in relation to its ranking in the auctions and in the secondary markets; this feedback shall be based on the internal evaluation process referred to under Article 11 with objective criteria to be communicated to the primary dealers; (d) without prejudice to Chapter 3, to be eligible for debt management operations, including the following operations: (i) private placements; (ii) repurchase transactions as defined in Article 3(9) of Regulation (EU) 2015/2365 of the European Parliament and of the Council ( 16 ) ; (iii) swaps as defined in Section 1, point 10, of Annex III to Commission Delegated Regulation (EU) 2017/583 ( 17 ) . (e) Right to resign at any moment its membership of the primary dealer network by notifying it to the Commission. The withdrawal shall take effect the first business day of the second month following the date of the notification.