The purpose of this market is to select investment service providers to ensure responsible active management of portfolios composed of French 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 French small and mid-cap equities. " responsible active management ", the consideration by candidates of ESG issues in their analysis and management processes, while integrating the exclusion policy (prohibited weapons, tobacco, and coal), voting and commitment of the FRR as well as the objective of decarbonization. The Benchmark will have similar characteristics to the " MSCI France Small Caps ", and will be specified in the management mandate. The Investment Universe will be composed of shares of listed companies making up the chosen index and non-index listed companies headquartered in France. The minimum capitalisation of the companies in which the Manager could invest is limited to EUR 200 million at the time of purchase. The maximum non-index capitalisation is limited to €7 billion at the time of purchase. The Management Objective will be to outperform the benchmark over the duration of the mandate. In the event that a maximum ex-ante Tracking Error limit is imposed, the level of this limit, of a minimum of 10%, will be specified at the activation of the mandate by amendment