France mulls relaxing restrictions

Financial advisers to French investors could have an opportunity to increase sales and diversify their product offering if new proposals to liberalise investment go through. The new rules encourage personal investment by raising the limit on a popular type of equity saving scheme by one-third and allowing stocks based anywhere in the EU to be in the product. Relaxation of restrictions surrounding the Plans d'Epargne en Actions (PEA) equity structure is part of a package of reforms from finance minister Laurent Fabius which includes tax breaks for some foreign workers and an easing of th...