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Article L214-138 of the French Monetary and Financial Code

When the units or shares of a closed-end investment fund established under foreign law are admitted to trading on a financial instruments market referred to in Article L. 421-1 or a multilateral trading facility referred to in Article L. 424-1, the units or shares of a closed-end investment fund established under foreign law are admitted to trading, the market undertaking or system operator shall verify that the fund is subject to rules that ensure the security of transactions and the interests of investors, as well as to rules on the redemption and holding of its own units or shares that are at least equivalent to those laid down in this paragraph.

Original in French 🇫🇷
Article L214-138

Lorsque sont admises à la négociation sur un marché d’instruments financiers mentionné à l’article L. 421-1 ou un système multilatéral de négociation mentionné à l’article L. 424-1, les parts ou actions d’un fonds d’investissement de type fermé constitué sur le fondement d’un droit étranger, l’entreprise de marché ou le gestionnaire du système vérifie que ce fonds est soumis à des règles permettant d’assurer la sécurité des opérations et garantissant l’intérêt des investisseurs ainsi qu’à des règles de rachat et de détention de ses propres parts ou actions au moins équivalentes à celles fixées par le présent paragraphe.


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