Article R214-166 of the French Monetary and Financial Code
In application of the second paragraph of article L. 214-121, the forest assets held directly or indirectly by a forest savings company are managed in accordance with one or more approved simple management plans. If, at the time of acquisition of the assets, no simple management plan has been approved, the forest savings company is required to have one approved within three years. In this case, the société d’épargne forestière…