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FR - Amendment of the RGAMF following the application of the Prospectus Regulation

25/09/2018

The decree of 11 July 2018 amended Book II of the AMF General Regulation when the provisions of the Prospectus Regulation came into effect on 21 July 2018.

The decree of 11 July 2018 amended Book II of the AMF General Regulation when the provisions of the Prospectus Regulation came into effect on 21 July 2018. A new DOC-2018-07 Instruction has also been published. The result is:

  • A new threshold, raised to 8 million euros, from which a prospectus previously reviewed by the AMF must be published before offering the public financial securities;
  • Below this threshold of 8 million euros, a national ad hoc disclosure regime, without prior review by the AMF, for offers relating to unlisted financial securities that are not presented on a crowdfunding website;
  • For IPOs on an organised in multilateral trading system (in this case Euronext Growth) open to the public and of less than 8 million euros, the requirement of an information document provided for by the market rules and reviewed by the services of the market operator.
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