Posted on 9 September, 2022 - 11:44 | Category : .
I. – The SCF are specialised credit institutions whose exclusive purpose is
1° To grant or acquire guaranteed loans, exposures to public entities and securities, deposits and exposures as defined in Articles L. 513-3 to L. 513-7 ;
2° For the financing of these categories of loans, exposures, securities and deposits, to issue bonds called obligations foncières benefiting from the privilege defined in Article L. 513-11 and to raise other resources, for which the contract or document intended for public information provided for by Regulation (EU) No. 2017/1129 of 14 June 2017 or any equivalent document required for admission to foreign regulated markets mentions this privilege.
Ia. -To finance the activities mentioned in I, sociétés de crédit foncier may issue obligations foncières whose maturity date may be extended, under the conditions and according to the procedures set by decree in the Conseil d’Etat.
II. – The SCF may also ensure the financing of the activities mentioned in I and Ia by issuing loans or resources that do not benefit from this privilege.
They may issue the promissory notes mentioned in Articles L. 313-42 to L. 313-48.
Notwithstanding any provisions or stipulations to the contrary, sociétés de crédit foncier may make temporary assignments of their securities under the conditions set out in Articles L. 211-22 to L. 211-34, pledge a securities account as defined in Article L. 211-20 and mobilise all or part of the receivables they hold in accordance with Articles L. 211-36 to L. 211-40 or in accordance with Articles L. 313-23 to L. 313-35, whether or not these receivables are professional in nature. In this case, the information contained in the statement mentioned in Article L. 313-23 shall be determined by decree.
The receivables or securities thus mobilised or transferred shall not be included in the basis of the privilege defined in Article L. 513-11 and shall not be recorded by these companies under Article L. 513-12.
III. – The SCF may acquire and own any real or personal property necessary for the accomplishment of their purpose or resulting from the collection of their receivables.
IV. – The SCF may not hold any equity interests.