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Article L214-24-30 of the French Monetary and Financial Code

A SICAV may delegate the overall management of its portfolio to a portfolio management company. The initial capital of a SICAV making use of this option may not be less than an amount set by decree.

Original in French 🇫🇷
Article L214-24-30

Une SICAV peut déléguer globalement la gestion de son portefeuille à une société de gestion de portefeuille. Le capital initial d’une SICAV qui fait usage de cette possibilité ne peut être inférieur à un montant fixé par décret.

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