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…
The rules governing bonds issued by commercial companies are set out in articles R. 228-57 to R. 228-86 of the French Commercial Code.
When a bond issue is amortised according to a table indicating the number of securities to be amortised in each period and the securities are not grouped into identified series, the securities to be amortised are selected as follows: 1° At a reference date prior to redemption and set by the contract of issue, the account keeper draws up a list of account holders holding the securities. The holders are…
The amount mentioned in the first and second paragraphs of I of article L. 213-6-3 is set at 100,000 euros.
The information document referred to in article L. 213-11 is drawn up prior to any issue. It shall be given to or sent to any person whose subscription is sought.
Subject to the provisions of Article D. 213-19, when the issuing association makes a public offer, with the exception of those mentioned in 1° or 2° of Article L. 411-2 or in Article L. 411-2-1, for the placement of the securities mentioned in Articles L. 213-8 and L. 213-9, the provisions of Articles R. 228-57 to 59 of the Commercial Code are applicable to the notice mentioned in Article L….
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
