Rights of members of the primary dealer network
Article 7
Members of the primary dealer network shall have 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 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 13 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 ( 11 ) ; (iii) swaps as defined in Section 1, point 10, of Annex III to Commission Delegated Regulation (EU) 2017/583 ( 12 ) ; (e) to resign at any moment its membership of the primary dealer network by notifying such resignation to the Commission; such a resignation shall take effect the first business day of the first month following the date of the notification.