Public offering regulations have been a subject of mounting debate and ever-increasing amendments in France. With the constant change coming from EU institutions, most notably through EU Directives, the general regulations of the French market authority (the AMF) have been revamped, leaving an increasingly attractive and international standard-compliant market for companies wanting to list their shares in Europe.
In an effort to strengthen Paris's position as a more appealing trading ground for foreign companies compared with New York, London or Amsterdam, Euronext Paris has announced the launch of a new regulated market compartment. This latest offering aims to counteract the waning popularity of the French market for foreign issuers (which finally yielded its first position to Amsterdam in December last year) by eliminating some of the more cumbersome requirements imposed by the general regulations of the AMF.
No language barrier
The move is a bold one. The compartment will be open...