Section 7: Prudential provisions.

Articles in this section · 6

D511-15R511-16R511-16-1R511-16-2R511-16-3R511-16-4

Article R511-16-4

French Monetary and Financial CodeIn force
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Updated 6 Nov 2023

I. - With effect from financial years beginning on or after 1 January 2014, the persons referred to in II of Article L. 511-45 shall draw up a table grouping together the information relating to their establishments by State or territory, referred to in 1° of III of the same article, as well as a table grouping together by State or territory the other information referred to in III of the same article. In the document in which they appear, these two tables are presented one after the other.

These persons are not required to draw up these tables when the information mentioned in the previous paragraph is published, in accordance with the procedures provided for in II, by their consolidating company, within the meaning of article L. 233-16 of the Commercial Code, established in France or when it is published by their consolidating company established in another Member State of the European Union in application of an equivalent system.

II. - The persons mentioned in II of Article L. 511-45 whose financial securities are admitted to trading on a regulated market publish the two tables mentioned in I once a year in their management report or, where applicable, in the group management report.

The persons mentioned in II of Article L. 511-45 whose financial securities are not admitted to trading on a regulated market shall publish the two tables mentioned in I once a year in their management report or, where applicable, in the group management report. However, if their management report is not filed with the clerk of the commercial court or if the person is not subject to the obligation to draw up a management report, the tables are published in the notes to their annual financial statements. If the management report and annual financial statements are not made public by the clerk of the commercial court, the tables are published once a year in a separate document on the website of the person concerned within eight months of the end of the financial year and are accompanied by the statutory auditors' certificate provided for in V of Article L. 511-45 or, where applicable, a statement that certification has been refused.

III. - Without prejudice to the publicity measures concerning the management report and the annual financial statements, the persons mentioned in I shall make the tables available to the public free of charge on their website within eight months of the end of the financial year and for a period of five years.

Mariela Petrova

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Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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