28 March 2024 | Policy | Instruction DOC-2011-20 … x If the investment is no longer eligible for tax breaks (PEA, etc.) x If the investment is no longer eligible for tax breaks (PEA, etc.) Prospectus - Classification x See Art. 11 x if the … x If the investment is no longer eligible for tax breaks (PEA, etc.) x If the investment is no longer eligible for tax … |
28 March 2024 | Policy | Instruction DOC-2011-19 … X If the investment is no longer eligible for tax breaks (PEA, etc.) X If the investment is no longer eligible for tax breaks (PEA, etc.) Prospectus - Classification X See Article 11 X If … X If the investment is no longer eligible for tax breaks (PEA, etc.) X If the investment is no longer eligible for tax … |
22 November 2023 | Ombudsman’s Blog | When the matrimonial property regime changes the calculation of a capital gain or loss If the matrimonial regime takes the form of joint ownership of property with a full attribution clause, the couple’s assets are attributed in their entirety to the surviving spouse. As illustrated in the case I am presenting this month, the question then arises as to the acquisition price to be used to calculate the capital gains or losses on…… the situation would have been different in the case of a PEA rather than a securities account. The death of the … price offered at the time of the previous offer. [ 2 ] The PEA must be closed upon the death of the holder, but this does not mean that the PEA has to be wound up … |
14 June 2023 | Ombudsman’s Blog | Stock market orders: the share price adopted for the provision check must not be obsolete When sending a stock market order, a provision check is performed systematically by the account-keeper to ensure that the client has sufficient funds to honour the transaction. This check is performed at the time when the order is given, on the basis of the last quoted price, depending on the quantity requested or the amount indicated, within the…… the amount of the cash balance on each of the PEA equity savings plans, namely €27,915.61 for his plan and €17,344.08 for his wife's PEA plan. At the end of the day, however, Mr A observed that: on his PEA plan: 212,261 shares had been bought for a total amount … |
01 June 2023 | AMF news release | The AMF Ombudsman publishes her 2022 Annual Report Marielle Cohen-Branche, Ombudsman of the Autorité des Marchés Financiers (AMF), has presented her latest annual report at a press conference. The number of requests sent to her remained very high and the number of recommendations proposed reached an unprecedented level. Disputes relating to "PEA" personal equity savings plans, especially…… each month, respecting the anonymity of the parties. … The PEA plan is again the chief cause of disputes … Requests relating to the "PEA" personal equity savings plan, which had more than … reached an unprecedented level. Disputes relating to "PEA" personal equity savings plans, especially concerning … |
27 April 2023 | AMF news release | Equity savings plans : the AMF working group proposes avenues for improvement The Autorité des Marchés Financiers (AMF) has published the report of the working group set up in September 2022 to analyse the difficulties encountered by some retail investors in using their equity savings plans (PEAs), in particular with transfer times. The report sets out some 15 practical proposals aimed at remedying the problems identified…… According to the Banque de France, there were 5.2 million PEA securities accounts at the end of 2022. In this report, … as follows: Harmonise the administrative requirements of PEA management institutions with respect to customers; Reduce … securities transactions, etc.); Inform heirs of a PEA holder of the tax and legal consequences of the holder’s … |
14 April 2023 | Ombudsman’s Blog | Companies under court-ordered liquidation: what can you do with worthless securities in your portfolio? As I have already discussed in previous issues, I regularly receive requests from clients wishing to transfer or close their securities account and who find it difficult to do so because their portfolio contains securities whose issuer is in court-ordered liquidation. My past intervention has resulted in some progress, in particular with regard to…… in Article 74-0 G of the same code. Special case of the PEA: no advance deduction. The capital gain or loss is … worthless (Article 1169 of the Code). Special case of the PEA: The presence of securities, even valued at zero, prevents the closure of the PEA, as long as they have not been withdrawn from the PEA. … |
14 December 2022 | Article | Ombudsman's annual report Marielle Cohen-Branche, Ombudsman of the Autorité des Marchés Financiers (AMF), has presented her latest annual report at a press conference. 2021 was a year characterised by an unprecedented number of requests and recommendations. Disputes related to "PEA" personal equity savings plans were the prime reason for case referrals, ahead of employee…… each month, respecting the anonymity of the parties. … The PEA plan now the leading reason for case referral, ahead of … time, disputes concerning personal equity savings plan (PEA plans) exceeded the number of cases concerning employee … the leading reason for case referral. Requests regarding PEA plans more than doubled, and around two-thirds of the … |
15 September 2022 | AMF news release | The AMF creates a working group on equity savings plans (PEAs) The AMF Board has decided to look into the difficulties encountered by some retail investors in using their equity savings plans (PEAs). The working group will identify the most contentious issues and propose solutions.… creates a working group on equity savings plans (PEAs) … PEA-related complaints doubled last year, becoming the … to data from the Banque de France, there were 5.1 million PEA securities accounts at the end of 2021, with more than … |
14 June 2022 | Ombudsman’s Blog | Inheritance: an abnormally long execution time may sometimes prove profitable As mentioned in a previous case in March 2020, when the holder of a personal equity savings plan (PEA) account dies, the institution must close the deceased person's PEA plan immediately and transfer the securities that were held in it to a succession securities account, pending instructions from the heirs. The heirs may choose to hold onto the…… requested the sale of the securities held in her father's PEA plan, opened in the books of the institution X, in a … after follow-up correspondence in September, that the PEA plan was in the process of being closed. However, the … 2020, when the holder of a personal equity savings plan (PEA) account dies, the institution must close the deceased … |
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