The ordinance n°2021-1192 of 15th September 2021, which was issued in accordance with the authorisation given in the Loi Pacte of 22th May 2021, has simplified and consolidated the law on securities. The aim of such law is to provide greater legal certainty and to make French law more attractive. In effect from 1st January2022, this act will offer more flexibility in most of private equity transactions, such as in the pledge of securities accounts (Nantissement de comptes-titres). In this respect, the pledge of securities accounts, codified in Article L. 211-20 of the Monetary and Financial Code (Code monétaire et (...)