Book II: Products

The credit risk associated with the holding of units, shares or debt securities issued by a specialised financing vehicle is not subject to any subordination provided that the payment of interest and the repayment of principal to holders of debt securities depend on the performance of the assets held by the specialised financing vehicle and : a) either the amount of the units issued by the specialised financing vehicle does…

Under the conditions laid down in the fund’s regulations or articles of association, the units or shares issued by the specialised finance vehicle may give rise to requests for redemption by their holders or shareholders and the debt securities issued may give rise to requests for early redemption, on the basis of the net asset value of the vehicle calculated in accordance with Article L. 214-24-14. Where the undertaking may…

The extract from the articles of association of the specialised finance company referred to in Article L. 214-190-2 shall be filed with the Trade and Companies Register. It shall be signed by the members or shareholders and must contain: 1° The corporate name of the specialised finance company, its purpose and the address of its registered office; 2° The names of the corporate officers with general authority to bind the…

The former specialised finance company that retains the assets whose disposal would not be in the best interests of investors pursuant to Article L. 214-190-2-1 and the new specialised finance company have the same portfolio management company, the same asset custodian and the same statutory auditor. The portfolio management company shall immediately inform investors of the transfer of assets and send them a report justifying this decision and detailing the…

The former specialised finance fund, which retains the assets whose disposal would not be in the interests of investors pursuant to Article L. 214-190-3-1, and the new specialised finance fund have the same portfolio management company, the same asset custodian and the same auditor. The portfolio management company shall immediately inform investors of the transfer of assets and send them a report justifying this decision and detailing the terms and…