This Order acts as an interim step, allowing for transitional measures for capital investment funds, equity savings plans (PEA) and equity savings plans intended for the financing of SMEs and mid-tier enterprises (PME-ETI PEA). The deadline to meet the full requirements of the Brexit deal for the aforementioned topics has also been extended. This is done in order to avoid potential exposure to regulatory risk after 31 December 2020.
Equity savings plans (PEA): a nine-month transition:
Article 3 of Order n° 2020-1595 of 16 December 2020, completed by Article 1 of the decree of the 22 December 2020, extends the eligibility of securities registered in PEAs and PME-ETI PEAs up to 30 September 2021.
Until 30 September 2021, the eligibility of the below is maintained:
Article 3 of the order also provides temporary measures until 31 December 2021 for retail private equity investment funds (FCPR), retail venture capital funds (FCPI) and retail local investment funds (FIP) which can be consulted under this link.
The AMF issues the below articles that can also clarify the situation:
(only available in French) Votre PEA et le Brexit : un délai supplémentaire pour vos investissements en titres britanniques
(available in French and English) Full effect of Brexit on 1 January 2021: impact on the asset management sector
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