Posted by in Rules and Regulations, SFSTA Updates | 0 comments

The law adopted by French Parliament back in February 2012 comes into effect Wednesday, August 1st.  The FTT will be a tax of 0.2% levied on the purchase of equity securities issued by a French-listed company having a market capitalization in excess of €1bn as of the 1st of January of the year during which the transfer occurs.  For a detailed explanation of the FTT, click here.  For a Euroclear White Paper detailing clearing aspects of the FTT, click here.

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