Without prejudice to the penalties that may be applied by the Autorité de contrôle prudentiel et de résolution in the same way as for breaches of banking regulations, any failure to comply with the obligations set out in Article L. 213-23 shall result in the loss of interest accrued during the period of irregular holding on the amount of the bonds that have not been deposited.
Joint stock companies belonging to the public sector, cooperative limited companies, coordination companies within the meaning of article L. 423-1-1 du code de la construction et de l’habitation, les offices publics de l’habitat mentionnés à l’article L. 411-2 of the same code, the sociétés anonymes d’habitations à loyer modéré mentioned in article L. 422-2 of the said code, mutual or cooperative banks and State-owned industrial and commercial public establishments may…
The rules governing the issue of profit participation certificates by insurance companies are set out in article L. 322-2-1 of the French Insurance Code.
The rules governing the issue of profit participation certificates by agricultural cooperative societies and their associations are set out in article L. 523-8 of the French Rural and Maritime Fishing Code.
A decree shall, where necessary, lay down the provisions concerning the issue and remuneration of securities issued by mutual or cooperative banks and public industrial and commercial establishments.
I. – The following constitute collective investment schemes 1° Undertakings for collective investment in transferable securities authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, known as “UCITS” ; 2° Funds covered by Directive 2011/61/EU of the European Parliament and of the Council…
Any investment fund established under foreign law other than a closed-end fund, other than a UCITS or an FIA, requires authorisation from the Autorité des marchés financiers before it can market its units or shares in France. A decree defines the conditions under which this authorisation is granted.
The units or shares of UCITS or AIFs established on the basis of foreign law that have been notified in accordance with Article L. 214-2-2 or Article L. 214-24-1, as applicable, may be admitted to trading on a regulated market for financial instruments defined in Article L. 421-1 or on a multilateral trading facility defined in Article L. 424-1 under conditions laid down by decree.
UCITS are undertakings for collective investment authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009.
I. – Any UCITS governed by French law which intends to market its units or shares and, where applicable, classes of units or shares, in another Member State of the European Union or party to the Agreement on the European Economic Area, shall first submit to the competent authority of the host State, via the Autorité des marchés financiers, in accordance with the conditions laid down by decree, a notification…
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75001, Paris France
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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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