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Article L214-24-24 of the French Monetary and Financial Code

The formation, conversion or liquidation of a general-purpose investment fund or a subfund of a general-purpose investment fund is subject to authorisation by the Autorité des marchés financiers.

The Autorité des marchés financiers may withdraw its authorisation from any general-purpose investment fund or sub-fund of a general-purpose investment fund.

Original in French 🇫🇷
Article L214-24-24

La constitution, la transformation ou la liquidation d’un fonds d’investissement à vocation générale ou d’un compartiment de fonds d’investissement à vocation générale sont soumises à l’agrément de l’Autorité des marchés financiers.

L’Autorité des marchés financiers peut retirer son agrément à tout fonds d’investissement à vocation générale ou compartiment de fonds d’investissement à vocation générale.

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