ARTICLE · 20 MARCH 1995

Investment Commissions Received By Banks

SG Archibald Andersen

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FranceEmployment and HR

A financial institution receives from its parent company, as a remuneration of investment of savings income to its clients, commissions paid partly upon subscription of the shares by the clients and partly upon the expiry date of these shares.

As the balance rate varies in function of the investment duration, the institution is thus encouraged to convince its clients to keep their savings. So, the latter institution should be considered as liable for a service of investment follow-up, ending up with the share reimbursement and the remuneration of which is determined (in its amount) only at this date.

As far as the Court of Besancon is concerned, commissions cannot be afterwards wholly charged to the tax year when the shares were subscribed (November 4, 1994).

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