Professional undertakings for collective real estate investment may change their currency unit from one financial year to another. This change may only be made on the opening date of a financial year. The information document for subscribers provided for in III of article L. 214-35 specifies the cases and conditions in which such a change of currency unit may be made.
Professional undertakings for collective real estate investment may derogate from the debt limits provided for in articles L. 214-39 and L. 214-40.
The quota for investment in liquid assets provided for in 2° of article L. 214-37 does not apply to professional undertakings for collective real estate investment.
The limit stipulated in article R. 214-85 and the 20% ratio mentioned in article R. 214-86 do not apply to professional undertakings for collective real estate investment.
The rules set out in articles R. 214-92 to R. 214-117 do not apply to professional undertakings for collective real estate investment.
The regulations or articles of association of a professional undertaking for collective real estate investment set out the rules for the constitution and composition of the undertaking’s assets and the rules for borrowing, the use of the financial futures instruments referred to in article L. 214-38 , the temporary purchase and sale of securities and the guarantees referred to in article L. 214-41.
The summary report on the performance of the mission of the external valuation expert, mentioned in article L. 214-149, is made available to unitholders or shareholders who request it, within forty-five days of the publication of the annual report of the professional undertaking for collective real estate investment. Where a unit-holder or shareholder requests to receive the report on paper, the cost of sending it by post may be charged…
Unless otherwise stipulated and with the exception of articles R. 214-32-16 to R. 214-32-42, articles R. 214-32-9 to D. 214-33 apply to funds covered by this sub-paragraph.
Article D. 214-32-31 I applies to AIFs covered by this sub-paragraph.
When granting loans, the purpose of a specialised professional fund is to hold these loans until maturity, unless otherwise stipulated in article R. 214-203-2. This activity is subject to the provisions of this sub-paragraph. For the purposes of this sub-paragraph, the following are treated as loans a) The credit transactions referred to in Article L. 313-1 ; b) The subscription of savings bonds referred to in Article L. 223-1. Current…
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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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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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