Article L.211-2 of France's Monetary and Financial Code defines securities as instruments issued by public or private entities, transferable by book-entry or physical delivery and carrying identical rights in each category of issuance. They afford direct or indirect access to a fraction of the capital of the issuing entity, or give a general claim on its assets. Units issued by a fonds commun de placement (qv) or a fonds commun de créance (qv) are also securities.
(Source: AMF Glossary - - Updated: January 2016)

France (EN)

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