Transfer of value in France: publication of the regulatory provisions specifying the ceilings above which an authorization from the authorities is required
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Partner
France
I'm a partner in our international Commercial group, based in Paris, where I provide our clients with strategic commercial advice.
An important change to the new regime governing transfer of value to HCPs, students and associations will enter into force on 1 October 2020. This change involves the submission procedure to the authorities, which will now differ depending on the value of the advantage in question:
– a declaration procedure for advantages under the ceilings set by a regulatory text (arrêté),
– an authorization procedure for advantages above said ceilings.
For further information on the new legal regime, see our previous post – here – analysing the “anti-gift decree” published last June.
The regulatory provisions (“arrêté”) specifying said ceilings have been published on 14 August.
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