I. – The regulations governing the fund set up to manage sums invested in application of Title III of Book III of Part III of the Labour Code relating to employee savings plans provide for the establishment of a supervisory board and the cases in which the management company must obtain the opinion of this board. At least half of the Supervisory Board is made up of employees representing the…
I. – This article applies to company mutual funds in which more than one third of the assets are made up of shares or securities issued by the company or by any company linked to it under the conditions set out in article L. 3344-1 of the French Labour Code. II. – The fund rules specify the composition and procedures for appointing its supervisory board, which may be carried out…
I.-1° Company mutual funds which are not subject to the provisions of Book III of Part III of the Labour Code and more than one third of whose assets are made up of securities issued by a foreign company or by any other foreign company belonging to the same group are subject to the provisions of this article. For the purposes of this article, the group referred to in the…
The purpose of a SICAV may be to manage a portfolio of financial securities issued by the company or by any company affiliated to it under the conditions set out in articles L. 3344-1 and L. 3344-2 of the Labour Code. The fourth and fifth paragraphs of II of article L. 214-165 of this Code apply to its Board of Directors. The Articles of Association provide that dividends and coupons…
Financing bodies within the meaning of this sub-section include securitisation bodies and specialised financing bodies.
Financing organisations and specialised professional funds that meet the characteristics defined by a decree of the Conseil d’Etat take the name of “fonds de prêt à l’économie” (economic loan funds) and may use this name in all deeds and documents intended for third parties.
I. – This section does not apply to securitisation undertakings, with the exception of this sub-section and I and II of article L. 214-24. II. – By way of derogation from I, securitisation undertakings which comply with characteristics defined by decree are subject to this section, with the exception of sub-sections 2 to 4. III. – The specialised financing undertakings referred to in Article L. 214-166-1 are subject to this…
I. – The purpose of securitisation undertakings is, on the one hand, to be exposed to the risks, including insurance risks, referred to in article L. 214-175-1 and, on the other hand, to finance or hedge them in full, under the conditions provided for in that article. They take the form of either securitisation mutual funds or securitisation companies. II. – The purpose of specialised financing undertakings is, on the…
I. – The fund may have sub-funds if the company’s articles of association or the fund rules so provide. Each sub-fund gives rise to the issue of units or shares and, where applicable, debt securities. Notwithstanding article 2285 of the French Civil Code and unless otherwise stipulated in the company’s constitutive documents, the assets of a given sub-fund are liable only for the debts, commitments and obligations and benefit only…
Where the units, shares or debt securities issued by the financing undertaking are offered to the public within the meaning of Regulation (EU) 2017/1129, with the exception of the offers referred to in 1° or 2° of Article L. 411-2 or in Article L. 411-2-1, a document containing an assessment of the characteristics of the units or shares and, where applicable, of the debt securities that this undertaking is called…
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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
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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