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In-depth Listed companies & corporate financing: Equity markets

General meetings: publication of a decree modifying the cut-off time and criteria for establishing the list of persons authorised to participate

Published on December 16, 2014

The AMF wishes to draw the public's attention to the modification, by decree, of the cut-off time and rules for establishing the list of persons authorised to participate in a general meeting (record date) as share- or bondholders of a French company whose securities are traded on a regulated market. The cut-off time for an investor to include a resolution on the agenda has also been modified.

Decree 2014-1466 of 8 December 2014 modifying the cut-off time and conditions for establishing the list of persons authorised to participate in meetings of share- and bondholders of commercial companies, published in the Official Journal of the French Republic on 10 December 2014, modifies the following three points:

  1. the cut-off time for establishing the list of shareholders authorised to participate in a general shareholders' meeting;
  2. the cut-off time for establishing the list of bondholders authorised to participate in a bondholders' meeting; and
  3. the cut-off time for inclusion of an issue or resolution on the agenda by a shareholder.

The cut-off time is now set at 00:00 Paris time on the second working day prior to the general meeting (instead of 00:00 Paris time on the third day prior to the general meeting).

The explanation for the changes is given in the introduction to the decree and specific details on the conditions for their entry into force are provided in the news release of the Directorate General of the Treasury. The documents may be consulted (in French only) using the following links.

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Legal information
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