ACC comments on French decree specifying new “organismes de financement spécialisés"

Published: 22 January 2018

The Alternative Credit Council (ACC) responded to the Direction Générale du Trésor on the proposal of decrees implementing the Ordonnance N°2017-1433 dated 4th October 2017. The ACC welcomed the clarification of the definition of ‘activités financières’ within the OFS and the provision enlarging the types of assets an OFS can invest in (R.214-218). It was also noted that proposals may limit the provision of bridge financing and that this is an area that the Direction Générale du Trésor may wish to consider further.

If you have any questions about this letter please contact Marie-Adelaide de Nicolay