Sub-paragraph 1: Provisions specific to securitisation companies

A securitisation company is a securitisation undertaking constituted in the form of a public limited company (société anonyme) or a simplified joint stock company (société par actions simplifiée). The company indicates its status as a securitisation company on all deeds and documents intended for third parties.

When the articles of association of the securitisation company provide for the use of forward financial instruments to expose the company, or for the sale of receivables that are not due or for which the term has expired, the management company referred to in the first paragraph submits a specific programme of operations for approval by the Autorité des marchés financiers under the conditions set out in the general regulations…

I. – Where the securitisation company is incorporated as a société anonyme, notwithstanding Titles II and III of Book II of the French Commercial Code : 1° The ordinary general meeting may be held without a quorum being required; the same applies, on second call, to the extraordinary general meeting; 2° The same natural person may simultaneously hold five offices as managing director, member of the management board or sole…