FINANCIAL COMMUNICATION: FRAMEWORK AND PRACTICES - 2019 EDITION

61 The plan sets out the reasonable oversight measures for identifying risks and preventing any serious breach of human rights and fundamental freedoms, personal health and safety and the environment resulting from the business activities of the company or of the companies it directly or indirectly controls within the meaning of article L. 233-16 II of the French Commercial Code, as well as the business activities of subcontractors or suppliers with which the company has established trade relations, when these activities are related to the aforementioned relationship. 2 z DISCLOSURE OF ESTIMATES OR PROSPECTIVE INFORMATION DISCLOSURE OF QUALITATIVE PROSPECTIVE INFORMATION The disclosure by the issuer of qualitative prospective information to the market is required : n in the management report prepared for the general shareholders’ meeting in application of articles L. 233-26 and L. 232-1 II of the French Commercial Code (article L. 233-26 : “ The group management report describes [...] foreseeable developments [for the total company as made up of companies included in the consolidation] ”; article L. 232-1 II: “ The management report describes [...] the foreseeable developments [of the company] ”); n in the registration document according to Annex I of Commission Regulation (EC) no. 809/2004 (Prospectus Regulation) (or, for the URD, as of 21 July 2019, according to Annex 1 of ESMA’s technical advice no. 31-62-800 under the Prospectus Regulation): - In accordance with item 20.9 (18.7 of ESMA’s technical advice for the URD) “Significant change in the issuer’s financial or trading position”: “Describe any significant change in the financial or trading position of the group which has occurred since the end of the last financial period for which either audited financial statements or interim financial statements have been published, or provide an appropriate negative statement” ; and - In accordance with item 12.2 (10.2 of ESMA’s technical advice for the URD) “Trend information”: “Provide information on any known trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on the issuer’s prospects for at least the current financial year” . In some cases, qualitative prospective information communicated by an issuer can be requalified by the AMF as a forecast of results (see below).