Book II: Products

Prior to the issue, the issuer of negotiable debt securities files financial documentation with the Banque de France, which includes: 1° A presentation of the issue programme(s) containing the information set by order of the Minister responsible for the economy; 2° A presentation of the issuer’s legal and financial position; 3° The documents made available to the General Meeting of Shareholders, or the body acting in its stead, relating to…

An order of the Minister for the Economy specifies the information that must be included in the financial presentation file. It may provide for specific procedures adapted to different categories of issuer.

The financial documentation submitted to the Banque de France is drawn up in French or in a language other than French that is customary in financial matters, if the securities can only be subscribed or acquired for an amount at least equivalent to 200,000 euros or the foreign currency equivalent of this amount, and provided that the issuer includes a warning in French in its financial documentation inviting the investor,…

Each year, the issuer must send the Banque de France updated financial documentation for the programme within forty-five days of the general meeting of shareholders, or the equivalent body, called to approve the accounts for the previous financial year. However, the issuer must update the financial documentation without delay in the event of any change relating to the maximum amount outstanding, the identity of the specialised agencies assigning a rating…

The issuer of negotiable debt securities must send the financial documentation for its issuance programme and any updates to the institutions domiciling the securities issued under the programme, and to any person who so requests, without delay and free of charge. The Banque de France posts on its website all or part of the financial documentation provided by the issuer, including at least a presentation of the issuance programme and…

Issuers of negotiable debt securities shall provide the Banque de France with statistical information on the securities issued under the programme, in accordance with the conditions defined by the Order referred to in Article D. 213-7. The Banque de France shall determine the frequency with which this information is to be provided and shall disseminate it regularly. The issuer of negotiable debt securities shall also report to the Banque de…