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Article L214-24-44 of the French Monetary and Financial Code

General purpose investment funds and their management companies shall act independently and solely in the interests of their unitholders or shareholders. They must offer sufficient guarantees with regard to their organisation, their technical and financial resources, and the good repute and experience of their managers.

Original in French 🇫🇷
Article L214-24-44

Les fonds d’investissement à vocation générale et leurs sociétés de gestion agissent de façon indépendante et dans le seul intérêt des porteurs de parts ou actionnaires. Ils présentent des garanties suffisantes en ce qui concerne leur organisation, leurs moyens techniques et financiers, l’honorabilité et l’expérience de leurs dirigeants.

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