Agence Française De Développement: Request for Change of Status under French Law

PARIS--()--Regulatory News:

AFD made a request to the banking supervisory authorities to change its status under French law from établissement de crédit spécialisé to société de financement. This request is currently pending before the European Central Bank (the "ECB"). Decree no. 2017-582 dated 20 April 2017 and published in the Official Journal on 22 April 2017 modifies, inter alia, the articles (statuts) of AFD by deleting all references to AFD's status as an établissement de crédit in the French Code monétaire et financier. It is expected that the ECB will publish its final decision on the future status of AFD during 2017. Until any announcement by the ECB is made, AFD will remain an établissement de crédit. Any change in status from an établissement de crédit spécialisé to a société de financement will not affect AFD's status as an EPIC (établissement public industriel et commercial) under French law and its mission and objectives will remain unchanged. However, such a change, if it occurs, will affect the eligibility of the bonds issued by AFD as High Quality Liquid Assets under regulation (EU) no. 575/2013 dated 26 June 2013 from the European Parliament and Council, amended by commission delegated regulation (EU) no. 2015/61 dated 10 October 2014.

Agence française de développement
#MondeEnCommun

Le siège
5 rue Roland Barthes
75598 Paris cedex 12
t. +33 1 53 44 31 31
f. + 33 1 44 87 99 39

afd.fr

Établissement public
Dotation de Dotation de 2 807 998 856 euros
N° TVA intracommunautaire
FR 80 775 665 599
RCS Paris B 775 665 599

Contacts

Agence française de développement
Françoise Lombard, 01 53 44 40 14

Contacts

Agence française de développement
Françoise Lombard, 01 53 44 40 14