Overview

On 22 October 2010, the French Parliament adopted new laws for banking and financial regulation designed to regulate financial activities further to the G20 recommendations on the matter, and to bolster the French economy during the financial and economic crisis. Only the second purpose of the new laws shall be dealt with in this briefing.

The new laws were prepared by the French Ministry of the Economy, with an objective of modernising the French stock exchange procedures and reinforcing the financial soundness of small and mid-sized businesses.

Topics covered in the briefing include the amendment of rules on tender offers, the disclosure of temporary transfers of shares and short positions, and the strengthening of the powers of the Autorité des Marchés Financiers - the French Financial Markets Authority.

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