Regulatory Alerts2000-12-04
Instruction No. 2000-12 of December 4, 2000, amending Instruction No. 94-09 of October 17, 1994, regarding the accounting treatment of treasury shares and variable-income securities held by firms under the Banking and Financial Regulation Committee
The French Banking Commission issued Instruction No. 2000-12 to amend accounting rules for credit institutions and investment firms regarding the classification and valuation of treasury shares and portfolio securities. The regulation introduces new account codes and reporting lines to distinguish between long-term holdings, portfolio securities, and participation titles, aligning with recent accounting standard reforms. It mandates specific valuation methods for treasury shares based on their purpose, such as cancellation, employee benefit attribution, or market stabilization, effective January 1, 2001.
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