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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II - Investment Products II. 2 - Other Investment Products
Doctrine Periodic & Permanent Information
Financial Information of SOFICA
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Applicable as of August 15, 1993 Position DOC-1993-01
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Summary The AMF informs companies for the financing of the cinematic and audiovisual industry (SOFICA) that the annual information included in their management reports must specify the origin of SOFICA income according to the investments made. It also clarifies how SOFICA shares should be valued when an exit mechanism is proposed. This document has not been updated regarding texts transposing MiFID II and separating the legal regime of investment firms and portfolio management companies. This update will be carried out shortly.
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Article 223-1 of the General Regulation Legal notices: Publisher: The Director of the Communication Department of the AMF. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02