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Article R212-5 of the French Monetary and Financial Code

The rules relating to employee profit-sharing are set out in Chapter I of Title IV of Book IV of the Labour Code and in Decree no. 87-947 of 26 November 1987 setting the conditions for application of Chapter I of Order no. 86-1134 of 21 October 1986 as amended relating to employee profit-sharing and employee shareholding in public companies whose staff are subject to a legislative or regulatory status as…

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Article R212-6 of the French Monetary and Financial Code

The rules relating to employee profit-sharing are set out in Chapter II of Title IV of Book IV of the French Labour Code and in Decree no. 87-948 of 26 November 1987 determining the public companies and national corporations subject to the profit-sharing provisions of Order no. 86-1134 of 21 October 1986 relating to employee profit-sharing and employee share ownership, as well as the conditions under which the provisions of…

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Article D213-0-1 of the French Monetary and Financial Code

I. – The debt securities referred to in 2° and 3° of Article L. 213-0-1 may be held for a maximum of one year after their acquisition. However, this maximum period is reduced to 60 calendar days for debt securities referred to in 3° of this article subscribed or acquired by the issuer of these securities for placement purposes. On expiry of this period, the securities acquired and held are…

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Article D213-1 of the French Monetary and Financial Code

I. – Negotiable debt securities as defined in Article L. 213-1 include : 1° Short-term negotiable securities with an initial maturity of one year or less, issued by all the issuers referred to in Article L. 213-3; 2° Medium-term negotiable securities with an initial maturity of more than one year, issued by all the issuers mentioned in Article L. 213-3, with the exception of the issuer mentioned in 12 of…

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Article D213-2 of the French Monetary and Financial Code

The Banque de France shall ensure that issuers of negotiable debt securities comply with the issuance conditions set forth in Articles L. 213-1 to L. 213-4, in this sub-section and in the Order referred to in Article D. 213-7. In order to carry out this task, new issuers shall inform the Banque de France of their intention to enter this market by sending the financial documentation drawn up in accordance…

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Article D213-3 of the French Monetary and Financial Code

Issuers shall make public a rating of their issuance programme, obtained from a specialised agency that meets the conditions laid down by the competent administrative authority or, where applicable, have a guarantor that meets the conditions laid down by order and has such a rating. The following are exempt from this obligation 1° Credit institutions and investment firms established in the European Economic Area ; 2° The Caisse des dépôts…

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