Merci de désactiver le bloqueurs de pub pour visualiser cette vidéo.
Book II - Issuers and financial disclosure
Title II - Periodic and ongoing disclosure obligations
Chapter II - Periodic information
Section 3 - Equivalence criteria for periodic information for issuers having their registered office outside the European Economic Area
Article 222-11 from 02/06/2025

Article 222-11 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/222-11/20250602/notes

A State that is not party to the European Economic Area (EEA) agreement shall be regarded as setting requirements equivalent to those of Article L. 451-1-2 I 2° of the Monetary and Financial Code and Article R. 451-1 I 2° and III of the same Code where, under the law of that State, the management report is required to include at least the following information:

  1. A fair review of the development and performance of the business and of the position of the issuer, together with a description of the principal risks and uncertainties that it faces, so as to present a balanced and comprehensive analysis consistent with the size and complexity of the business;

  2. Significant events that have occurred since the end of the financial year;

  3. Indications of the issuer's likely future development;

  4. Information about the issuer's corporate governance;

  5. Sustainability information and a certification report on the sustainability disclosures equivalent to the requirements of Directive (EU) 2022/2464 of 14 December 2022. Developments that are imminent or matters under negotiation may be omitted in exceptional cases where, in the duly reasoned opinion of the members of the administrative, management and supervisory bodies, acting within the scope of their powers under national law and in respect of their collective responsibility for that opinion, their publication would seriously harm the commercial position of the company, provided that such omission does not prevent a fair and balanced understanding of the development of the company's business, its results, its position and the impact of its activities.

The analysis referred to in Point 1° shall, to the extent necessary for an understanding of the development of the issuer’s business, performance or position, include both financial and, where appropriate, non-financial key performance indicators relevant to the issuer's particular business.