Article 211-2 into force from to
- Version into force from to
I. - Within the meaning of Article L. 411-2, I of the Monetary and Financial Code, an offering of financial securities does not constitute a public offer if it presents one of the following characteristics:
The total amount in France and in the Union is less than EUR 8,000,000 or the foreign currency equivalent thereof;
It is intended for investors acquiring at least EUR 100,000 worth, or the foreign currency equivalent thereof, per investor and per transaction, of the relevant financial securities;
It concerns financial securities with a minimum par value of at least EUR 100,000 or the foreign currency equivalent thereof.
II. - The total amount of the offer referred to in points I, 1 and the amount referred to in Article L. 411-2 I bis of the Monetary and Financial Code are calculated over a twelve-month period from the date of the first offer. The total amount of these offers is less than EUR 8,000,000 calculated on a twelve-month period.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02