Register of securities movements

Any public limited company (SA) or simplified joint stock company (SAS) whose financial securities are subject to a transfer of ownership or any other operation affecting their movements (underwriting, transfer, donation, contribution, pledge...).

This register is not compulsory for limited liability companies (SARLs), general partnerships (SNCs) and civil partnerships.

The transfer of ownership of financial securities results from :

• the registration of these securities in the securities account (register) of the acquirer or the registration of these securities for the benefit of the acquirer in a shared electronic recording device (electronic register);
• the payment by the acquirer of the transfer price of the securities.

The information to be entered in the register is as follows

• the date of the transaction ;
• the surname, first names and domicile or the company name and registered office of the holder (old and new), as well as its identification number;
• the number of securities subject to the transaction and their nominal value;
• the reason for or nature of the transaction (purchase, sale, donation, inheritance, etc.);
  
• where applicable, if the company has issued shares of different classes and if only one register of registered shares is kept, the class and characteristics of the shares subject to the transaction;
• a serial number assigned to the transaction.

The register, if in paper format, must be listed and initialled at the registry of the Commercial Court with which the company is registered. Since December 2018, the register can also be kept electronically (or dematerialised).