Regulatory AlertsDOC-1993-01 Financial Information of SOFICA
The French Financial Markets Authority (AMF) issued this doctrine to clarify that SOFICA annual management reports must specify the origin of income based on investments and detail the valuation of SOFICA shares when exit mechanisms are proposed. The document establishes specific requirements for financial transparency regarding investment origins and share valuation methods for these cinematic and audiovisual industry financing companies. It is noted that this 1993 text has not been updated to reflect the transposition of MiFID II or the separation of legal regimes for investment firms and portfolio management companies.
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