Société de Libre Partenariat Spéciale: a new investment vehicle under French law
Created by Ordinance no. 2024-662 of July 3, 2024, the Société de Libre Partenariat Spéciale ("SLPS") is a new type of investment vehicle designed to be similar to those already in existence abroad. Its tax regime has been clarified by the Finance Act for 2025, and is intended to meet investors' need for flexibility. Legal chronicle of ...
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Latest publications
Investment bank Piper Sandler opens Paris office
L’établissement américain a engagé des experts de Crédit Suisse pour se déployer en Europe. À partir de Paris, Piper Sandler veut développer la distribution de sa recherche en actions américaines auprès de la clientèle européenne. Article déjà publié le 20 ...
Cross-border fund distribution: the European Commission raises questions, but limits remain
On March 19, the European Commission unveiled its strategy for an "Investment and Savings Union". The stated aim is to steer the savings of European households more in the right direction. To achieve this, more efficient, accessible and integrated asset management is seen as a key ...
CPR AM, Amundi and Nextstage join forces for a new evergreen fund
Amundi CPR France Investissement assemble des fonds de capital-investissement et des fonds d’actions cotées. Une solution inédite destinée à préserver un bon niveau de liquidité sans sacrifier la performance. Objectif de rendement pour ce fonds Eltif de droit français taillé ...
Avis d'expert
La Société de Libre Partenariat Spéciale : un nouveau véhicule d’investissement en droit français
Créée par l’ordonnance n° 2024-662 du 3 juillet 2024, la Société de Libre Partenariat Spéciale (« SLPS ») est un nouveau type de ...
Distribution transfrontalière des fonds : la Commission européenne interroge, mais les limites demeurent
Le 19 mars, la Commission européenne dévoilait sa stratégie pour une « Union de l’investissement et de l’épargne ». L’objectif affiché est ...
AMF vs OCABSA : la fin justifie-t-elle les moyens ?
L'AMF (Autorité des Marchés Financiers), qui met régulièrement en garde contre les prétendus dangers des obligations hybrides comme les OCABSA ...
Le NAV financing, une tendance croissante
Très développé aux États-Unis, le net asset value (NAV) financing – le financement adossé à la NAV (valeur nette d'inventaire) – ...
L’émission des EMT et des ART sous MiCA, comparaison et conditions
Depuis le 30 juin 2024, l’émission des stablecoins dans l’Union européenne est strictement encadrée par le règlement MiCA. Deux catégories ...
Strategy
Investment bank Piper Sandler opens Paris office
The U.S. bank has hired experts from Crédit Suisse to expand into Europe. Based in Paris, Piper Sandler ...
CPR AM, Amundi and Nextstage join forces for a new evergreen fund
Amundi CPR France Investissement combines private equity and listed equity funds. A unique solution designed to preserve ...
Settlement: Euroclear responds to Euronext's offensive
Last week, the European stock exchange announced that Euronext Securities, its integrated settlement platform, would be appointed Central Securities Depository ...
Euroclear, the missing link for Euronext
Euronext CEO Stéphane Boujnah is looking for external growth drivers, and is considering the international ...
"I wanted to write a novel about one of my passions: money".
At the age of 65, economist Eric Bourguignon, former member of the Executive Board of Swiss Life Asset Managers in Paris, publishes Le Billet, ...
Regulation
Société de Libre Partenariat Spéciale: a new investment vehicle under French law
Created by Ordinance no. 2024-662 of July 3, 2024, the Société de Libre Partenariat Spéciale ("SLPS") is a new type of ...
Cross-border fund distribution: the European Commission raises questions, but limits remain
On March 19, the European Commission unveiled its strategy for an "Investment and Savings Union". The stated aim is to ...
AMF vs OCABSA: do the ends justify the means?
The AMF (Autorité des Marchés Financiers), which regularly warns of the alleged dangers of hybrid bonds such as OCABSA ...
NAV financing, a growing trend
Highly developed in the United States, the net asset value (NAV) financing - NAV (net asset value) financing - ...
Unlisted assets: AMF targets Eltif funds' sales pitches
The regulator reiterates the importance of clear information for funds invested in unlisted assets and distributed to the general public ...
Operation
CPR AM, Amundi and Nextstage join forces for a new evergreen fund
Amundi CPR France Investissement combines private equity and listed equity funds. A unique solution designed to preserve ...
Euroclear, the missing link for Euronext
Euronext CEO Stéphane Boujnah is looking for external growth drivers, and is considering the international ...
Private equity: BoursoBank expands its retail offering despite headwinds
The online bank has teamed up with Opale Capital to distribute professional funds available from 100,000 euros. This ...
Private equity: digital platforms invest in European tech
Private equity is set to play a key role in financing and supporting Europe's next technological innovations. Several funds, in ...
ETFs: Yomoni launches a platform for investment advisors
Aware of the growing success of index-based management, asset managers and family offices are looking for appropriate solutions to meet ...
Innovation
"We want to build a platform that brings together traditional and digital finance".
Interview with Xavier Gomez, CEO of Vancelian. The fintech, which is aiming for MiCA (Markets in Crypto-assets) approval from ...
Private equity: digital platforms invest in European tech
Private equity is set to play a key role in financing and supporting Europe's next technological innovations. Several funds, in ...
Bitstack and Caceis Bank obtain MiCA approval
To date, four companies have been accredited by the Autorité des Marchés Financiers (AMF). Between now and March 1 ...
Banque de France questions stability of stablecoins
According to the national central bank, the rapid development of these crypto-assets and the high concentration of the market between two issuers ...
Crypto-assets: France seeks to catch up on MiCA approvals
After Deblock, fintech GOin has obtained its MiCA (Markets in Crypto-Assets) approval from the AMF (Autorité des marchés financiers) ...
Trend
Unlisted assets: AMF targets Eltif funds' sales pitches
The regulator reiterates the importance of clear information for funds invested in unlisted assets and distributed to the general public ...
The 10 most-read expert opinions in the first half of 2025
Discover the TOP 10 most-read columns and expert opinions on Finascope between January and June. On the program ...
The TOP 10 most-read articles on Finascope in the first half of 2025
Discover the 10 most-read articles on Finascope between January 1 and June 30. On the ...
Private equity: BoursoBank expands its retail offering despite headwinds
The online bank has teamed up with Opale Capital to distribute professional funds available from 100,000 euros. This ...
France Invest survey: private equity yields decline
The French association of non-listed professionals and EY have published the results of their annual study on the ...
Communiqués
La BCE laisse ses taux directeurs inchangés
Le Conseil des gouverneurs a décidé ce jour de laisser inchangés les trois taux d’intérêt directeurs de la BCE. L’inflation ...
Le Gouverneur de la Banque de France propose de ramener le taux du Livret A à 1,7% et celui du LEP à 2,7 %
La Banque de France est chargée d’effectuer semestriellement le calcul du taux de rémunération des livrets d’épargne réglementée, selon une ...
La Commission des sanctions de l’AMF sanctionne dix personnes pour 1,89 million d’euros
Dans sa décision du 9 juillet 2025, la Commission des sanctions a infligé une sanction pécuniaire de 500 000 euros ...
L’AMF publie la synthèse de ses contrôles SPOT sur les politiques de vote et d’engagement des sociétés de gestion
L’Autorité des marchés financiers (AMF) poursuit la déclinaison de ses priorités de supervision sur la finance durable avec un nouveau ...
La Commission des sanctions de l’ACPR sanctionne la banque Delubac et Cie
Par une décision du 19 juin 2025, la Commission des sanctions de l’ACPR a prononcé un blâme et une sanction ...
Appointments
Olivier Thoral, General Manager of Capza
Olivier Thoral becomes Managing Director of Capza, a private equity and private debt management company dedicated to SMEs and ...
Philippe Tabouis takes over as head of infrastructure financing for Europe at Standard Chartered
Philippe Tabouis is now Head of European Infrastructure and Development Finance at Standard Chartered. He was previously ...
Pierre Picard appointed Head of Compliance at Sycomore AM
Pierre Picard, 59, has been appointed Director of Compliance and Internal Control at Sycomore Asset Management (Group ...
Florence Priouret takes over as President of SFAF
Florence Priouret has been elected President of the French Society of Financial Analysts (SFAF). She was previously a member of the Board of Directors ...
Marie Fortez joins Nordea AM in Paris
Nordea Asset Management (289 billion euros in assets) announces the arrival of Marie Fortez, 49, as head of sales and distribution ...