Subject to the provisions of article L. 211-11, seizures of financial securities are governed by the provisions of the legislative part of the Code of Civil Enforcement Procedures.
The provisions of this sub-section do not apply to bonds issued before 3 November 1984, amortisable by drawing numbers. Nor do they concern perpetual annuities on the State, held in registered form, issued before that date. Holders of financial securities issued before the same date may only exercise the rights attached to their securities if they have been registered in an account by the issuer or presented to an intermediary…
With the exception of shares in non-trading property investment companies (sociétés civiles de placement immobilier) referred to in article L. 214-114 and shares in forestry savings companies (sociétés d’épargne forestière) referred to in article L. 214-121, financial securities are negotiable.
Financial securities are transferred by account-to-account transfer or by entry in a shared electronic recording device as referred to in article L. 211-3.
No person may claim, for any reason whatsoever, a financial security whose ownership has been acquired in good faith by the holder of the securities account in which the securities are registered or by the person identified by the shared electronic recording device referred to in article L. 211-3.
I. – The transfer of ownership of financial securities results from the registration of these securities in the purchaser’s securities account or from the registration of these securities in favour of the purchaser in a shared electronic registration system referred to in article L. 211-3. II. – If the securities are admitted to trading by a central depository or delivered to a financial instrument settlement system referred to in Article…
I. – Once the order has been executed, the buyer and seller of the financial instruments referred to in I of Article L. 211-1 are definitively committed, the former to pay and the latter to deliver, on the date referred to in III of Article L. 211-17. Without prejudice to Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and…
In the case of delivery of financial securities against payment of cash, failure to deliver or to settle on the date and in accordance with the conditions defined in the General Regulations of the Autorité des marchés financiers or, failing this, by an agreement between the parties, automatically discharges the non-defaulting party from all obligations towards the defaulting party, notwithstanding any legislative provision to the contrary. When an intermediary referred…
For each order to trade, sell or transfer a financial security registered in an account held by the issuer and admitted to trading by a central depository, or for any other change affecting the registration of the said financial security in an account, the intermediary referred to in Article L. 211-3 shall draw up a nominative reference form. This statement shall indicate the details identifying the principal, the legal nature…
I. – The pledge of a securities account is constituted, both between the parties and in relation to the issuing legal entity and third parties, by a declaration signed by the account holder. This declaration shall include the particulars laid down by decree. The financial securities initially included in the pledged account, those substituted for them or added to them as security for the pledgee’s initial claim, in any manner…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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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
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