Chapter I: Definition and general rules

Financial securities issued on French territory and subject to French law are registered either in a securities account held by the issuer or by one of the intermediaries mentioned in 2° to 7° of Article L. 542-1 or, in the cases provided for in Article L. 211-7, in a shared electronic registration system. Registration in a shared electronic registration system takes the place of account registration. A decree of the…

The securities account is opened, or the entry is made in a shared electronic recording device, in the name of one or more account holders who are the owners of the financial securities held in the account. By way of derogation, the securities account may be opened or, in the cases mentioned in 1 and 3 below, the entry in a shared electronic recording device may be made: 1. In…

The procedure for identifying the owners of equity securities is set out in Articles L. 228-2 to L. 228-3-6 of the Commercial Code. The identification procedure referred to in the first paragraph applies to undertakings for collective investment, whether or not they have the form of a joint stock company, and may be carried out by their management company. For all such undertakings, this procedure is applicable, notwithstanding the absence…