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Article L511-79 of the French Monetary and Financial Code

Credit institutions or finance companies may apply a discount rate to no more than one quarter of the total variable remuneration provided that the payment is made in the form of deferred instruments for a period of at least five years.

Original in French 🇫🇷
Article L511-79

Les établissements de crédit ou les sociétés de financement peuvent appliquer un taux d’actualisation à un quart au plus de la rémunération variable totale pour autant que le paiement s’effectue sous la forme d’instruments différés pour une durée d’au moins cinq ans.

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