The purpose of this market is to select investment service providers to ensure responsible active management of portfolios composed of European small and mid-cap equities.

The purpose of this market is to select investment service providers to ensure responsible active management of portfolios composed of European small and mid-cap equities. The benchmark will have similar characteristics to the "msci Europe Small" index

Caps ". The Investment Universe will be composed of shares of listed companies making up the chosen index and non-index listed companies headquartered in one of the following countries: Austria, Belgium, Denmark, Finland, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom, Suisse.La minimum capitalisation of companies in which the Manager could invest outside the index is limited to EUR 200 million at the time of the purchase. The maximum non-index capitalisation is limited to €7 billion at the time of purchase. The maximum ex-ante Tracking Error is set at 10% per annum.

"Responsible active management" means that candidates take ESG issues into account in their analysis and management processes, while integrating the FRR's exclusion policy (prohibited weapons, tobacco, and coal), voting and commitment, as well as the objective of decarbonization.