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Help Centre · Documentation

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Find out all about LISE, the platform and the regulations.

Financial & stock market concepts

Tokenised share

Ordinary share represented digitally on the blockchain managed by Lise. Same rights as a traditional share (voting, dividend, information).

Order book

Real-time record of all buy and sell orders for a security, ranked by price then by time of arrival.

Extension clause

Mechanism allowing the number of shares issued to be increased by up to 15% of the initial amount in the event of strong demand during an IPO.

ID (Information Document)

Mandatory summary document presenting all essential information about a company and its IPO.

IPO

Initial Public Offering - Stock market listing, the first public issuance of shares by a company in order to raise funds.

PFU (flat tax)

Flat-rate withholding tax of 30% applied by default to capital gains and stock dividends.

PEA-PME

Equity savings plan dedicated to SMEs and mid-caps. Income tax exemption after 5 years. Ceiling: €225,000 per person.

Settlement-delivery

Delivery versus Payment - Simultaneous exchange of securities and funds. On Lise: instant (T+0). On traditional markets: T+2.

IR-PME

Réduction d'impôt sur le revenu de 18 % des sommes investies au capital de PME éligibles, plafonnée à 50 000 € (personne seule) ou 100 000 € (couple), avec obligation de conservation des titres pendant 5 ans minimum.

Technology & regulatory concepts

2-FA

Two-factor authentication: a unique verification code sent by email each time you log in.

DLT

Distributed ledger technology enabling transactions to be recorded securely and transparently.

KYC

Know Your Customer — Regulatory identity verification process required to open an account and invest.

MaR

Market Abuse Regulation — règlement européen interdisant l'insider trading et la manipulation de cours

DLT Pilot Regime

European regulatory framework (Regulation EU 2022/858) allowing the use of blockchain or DLT within financial market infrastructures.