Article L214-1 of the French Monetary and Financial Code

I. – The following constitute collective investment schemes

1° Undertakings for collective investment in transferable securities authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, known as “UCITS” ;

2° Funds covered by Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on alternative investment fund managers, known as “AIFs”;

3° Collective investments other than those mentioned in 1° and 2°, known as “Other collective investments”.

II. – The following constitute undertakings for collective investment

1° UCITS ;

2° The FIAs mentioned in II of article L. 214-24.

Original in French 🇫🇷

Article L214-1

I. – Constituent des placements collectifs :

1° Les organismes de placement collectif en valeurs mobilières agréés conformément à la directive 2009/65/CE du Parlement européen et du Conseil du 13 juillet 2009 portant coordination des dispositions législatives, réglementaires et administratives concernant certains organismes de placement collectif en valeurs mobilières, dits ” OPCVM ” ;

2° Les fonds relevant de la directive 2011/61/UE du Parlement européen et du Conseil du 8 juin 2011 sur les gestionnaires de fonds d’investissement alternatifs, dits : ” FIA ” ;

3° Les placements collectifs autres que ceux mentionnés aux 1° et 2°, dits : ” Autres placements collectifs “.

II. – Constituent des organismes de placement collectif :

1° Les OPCVM ;

2° Les FIA mentionnés au II de l’article L. 214-24.