FR - Publication of the law on the attractiveness of France
On June 14, 2024, Law no. 2024-537 of June 13, 2024 aimed at increasing business financing and France's attractiveness was published in the Journal Officiel.
The main measures aim to
Facilitate IPOs by developing shares with multiple voting rights
make capital increases without pre-emptive rights more flexible
Enable venture capital funds (FCPR) to support listed companies up to a market capitalization of €500 million, and extend the lock-up period for unitholders to 15 years.
Relax the rules governing the eligibility of company shares in the PEA-PME.
Relax investment rules for company mutual funds (FCPE)
Dematerialize transferable securities
Promote remote consultation and meetings of shareholders' general meetings and decision-making bodies of commercial companies
Create a system for splitting financial instruments
Reform the framework applicable to collective investment schemes