MIL OSI Translation. Government of the Republic of France statements from French to English –
Source: Republic of France in French The French Republic has issued the following statement:
You can now direct your savings towards SMEs and mid-cap companies thanks to the new “Relance” label launched on October 19, 2020 by the Government.
The health crisis has strongly affected the financial situation of French companies, and in particular small and medium-sized enterprises (SMEs) and intermediate-sized enterprises (ETI).
The “Relance” label, launched by the Ministry of the Economy, Finance and Recovery as part of the roadmap for Paris Square, aims to allow everyone to participate in the economic recovery of France by directing their savings towards SMEs and mid-cap companies.
A label to develop savings for the general public …
The relaunch label identifies investment funds that will undertake to quickly mobilize new resources to support the equity of French companies, and in particular SMEs and mid-caps. Savers can thus quickly identify investments that meet the needs of businesses, while promoting the mobilization of savings for the recovery.
Most of the funds can be subscribed through general public savings vehicles, which will allow everyone to contribute to the recovery to the extent of their capacity.
… and virtuous
Environmental, social and good governance specifications will guide the investment and shareholder engagement policy of the labeled funds, which must in particular undertake not to finance the coal sector.
Financial sector associations and savers also undertake to promote the label in accordance with the duty to advise and to ensure its follow-up.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.