I. – A general purpose investment fund may not borrow. It may, however, acquire foreign currency by means of cross-currency loans. II. – By way of derogation from I, a general-purpose investment fund may borrow provided that such borrowings : 1° Are used on a temporary basis and represent a maximum of 10% of its assets ; 2° are used to acquire property necessary for the direct pursuit of its…
The general-purpose investment fund ensures that its overall risk relating to financial contracts does not exceed the total net value of its portfolio. The overall risk is calculated taking into account the current value of the underlying assets, the counterparty risk, future market trends and the time available to liquidate positions. For feeder general-purpose investment funds, this calculation also takes into account the overall risk of the master AIF or…
A general-purpose investment fund governed by this paragraph may invest : 1° Up to all of its assets in : a) Units or shares of French or foreign UCITS ; b) Units or shares of general-purpose investment funds covered by this paragraph or general-purpose professional funds mentioned in article R. 214-190 which do not make use of the exemptions provided for in V of article R. 214-192 and in article…
The half-yearly report is published within two months of the end of the period to which it relates.
Unless otherwise stipulated, the provisions of articles R. 214-32-9 to D. 214-33 are applicable to private equity funds.
Article D. 214-32-31 II does not apply to private equity funds.
I. – For the assessment of the 50% quota set out in I of article L. 214-28 : 1° The numerator is made up of the subscription or acquisition price of the securities or rights in the portfolio and the book value of the other assets. The denominator is made up of the paid-up amount of subscriptions to the fund. This amount is reduced by unit redemptions requested by unitholders…
I. – The provisions of articles R. 214-32-18 to R. 214-32-21, R. 214-32-29, R. 214-32-32 to R. 214-32-36, R. 214-32-38 to R. 214-32-40 and R. 214-32-42 do not apply to risk mutual funds. II. – The assets of a fonds commun de placement à risques may be invested in : 1° no more than 10% in securities issued by a single issuer ; 2° 35% maximum in shares or units…
A fonds commun de placement à risques may borrow up to 10% of its assets. This limit is raised to 30% of its assets to enable it to meet, on a temporary basis, requests for redemption of units by the fund’s unitholders or contractual subscription commitments in an entity mentioned in 3° and 4° of II of article R. 214-36.
For the purposes of assessing the limits set out in Article R. 214-36 : 1° When the securities held by the fund are not admitted to trading on a financial instruments market within the meaning of I of Article L. 214-28, they are taken at their acquisition or subscription value; 2° When securities held by the fund are exchanged for securities that are not admitted to trading on a financial…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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