Call Us + 33 1 84 88 31 00

Article L451-3 of the French Monetary and Financial Code

I. – Any company whose shares are admitted to trading on a regulated market or a multilateral trading facility subject to the provisions of II of Article L. 433-3 that wishes to buy back its own equity securities shall declare the transactions it intends to carry out to the Autorité des marchés financiers. This obligation is deemed to have been fulfilled when the company has informed the market pursuant to…

Read More »

Article L451-4 of the French Monetary and Financial Code

Pursuant to the second paragraph of Article 18(6) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/ EC of the European Parliament and of the Council and Commission Directives 2003/124/ EC, 2003/125/ EC and 2004/72/ EC, as amended by Regulation (EU) 2019/2115 of the European Parliament and of the Council of 27…

Read More »

Article L452-1 of the French Monetary and Financial Code

Associations that have been duly registered and have as their express statutory object the defence of investors in financial securities or financial products may take legal action before any court, even by bringing a civil action, in respect of acts that are directly or indirectly prejudicial to the collective interests of investors or certain categories of investors. These associations are : – approved associations, under conditions laid down by decree,…

Read More »

Article L452-2 of the French Monetary and Financial Code

When several natural persons, identified in their capacity as investors, have suffered individual losses which have been caused by the act of the same person and which have a common origin, any association mentioned in article L. 452-1 may, if it has been mandated by at least two of the investors concerned, bring an action for compensation before any court, on behalf of these investors. The mandate may not be…

Read More »

Article L452-3 of the French Monetary and Financial Code

Any investor who has given his consent, under the conditions set out in Article L. 452-2, to the institution of proceedings before a criminal court shall be deemed to be exercising the rights of a civil party under the Code of Criminal Procedure. However, service of documents and notifications concerning the investor shall be addressed to the association.

Read More »

Article L452-4 of the French Monetary and Financial Code

An association taking legal action under articles L. 452-2 and L. 452-3 may bring a civil action before the examining magistrate or the court in the place where the defendant has its registered office or resides or, failing this, the place where the first offence was committed.

Read More »

Article L464-1 of the French Monetary and Financial Code

Subject to the provisions of Article 226-14 of the French Criminal Code, any manager, employee or agent of a clearing house is liable to the penalties provided for in Article 226-13 of the French Criminal Code for violating the professional secrecy established in Article L. 440-4 .

Read More »

Article L464-2 of the French Monetary and Financial Code

Subject to the provisions of Article 226-14 of the French Criminal Code, the penalties provided for in Article 226-13 of the French Criminal Code shall apply if the members of the administrative, management and supervisory bodies, managers, employees or agents of market undertakings violate the professional secrecy established in Article L. 421-8.

Read More »

Article L465-1 of the French Monetary and Financial Code

I. – A. – The following offences are punishable by five years’ imprisonment and a fine of 100 million euros, which may be increased up to ten times the amount of the advantage gained from the offence, provided that the fine is not less than the amount of the advantage gained: by the chief executive officer, the chairman, a member of the management board, the managing director, a member of…

Read More »

Contact a French lawyer now

Contact a French Business Lawyer

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.

Useful links

You have a question in French Business Law?

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.