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Article R214-212 of the French Monetary and Financial Code

The assets of a fonds commun de placement d’entreprise governed by articles L. 214-164 and L. 214-165 may include shares in sociétés anonymes à responsabilité limitée issued by companies governed by law no. 47-1775 of 10 September 1947 on the status of cooperation and shares in mutual or cooperative banks, without prejudice to the special rules applicable to these entities, when the fund is subscribed by employees of these companies…

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Article R214-214 of the French Monetary and Financial Code

The following are deemed to be liquid within the meaning of the third paragraph of Article L. 3332-17 of the Labour Code: 1° Transferable securities admitted to trading on a French or foreign regulated market; 2° Shares or units in UCITS and general-purpose investment funds covered by paragraph 1 of sub-section 2 of this section. The mechanism guaranteeing the liquidity of securities not admitted to trading on a regulated market…

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Article R214-214-2 of the French Monetary and Financial Code

By way of derogation from I and II of article R. 214-32-29, corporate mutual funds may hold, without limitation, transferable securities issued by the company or by a company belonging to the same group within the meaning of I of article L. 214-165-1. These funds may not hold more than 10% of the financial instruments with voting rights of any single issuer other than the companies mentioned in the previous…

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Article R214-214-3 of the French Monetary and Financial Code

Articles L. 214-24-34, L. 214-24-41, L. 214-24-55, R. 214-32-33, R. 214-32-35 and R. 214-32-40 as well as the provisions of this paragraph are applicable to each of the sub-funds of the fonds communs de placement d’entreprise. These funds and their sub-funds may invest in shares or units of UCITS or AIFs covered by paragraphs 1, 2 and 6 of sub-section 2, sub-paragraph 1 of paragraph 1 or paragraph 2 of…

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Article R214-214-4 of the French Monetary and Financial Code

When the composition of the supervisory board of a company investment fund and the procedures for appointing its members are set under the conditions provided for in the second paragraph of I of Article L. 214-164: 1° The fund rules specify the procedures for appointing the representatives of the unitholders either by election or by choice made by the bodies representing the employees; 2° The chairman of the supervisory board…

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Article R214-214-5 of the French Monetary and Financial Code

The assets of a fonds commun de placement d’entreprise mentioned in article L. 214-165-1 may include shares in sociétés anonymes à responsabilité limitée issued by companies governed by law no. 47-1775 of 10 September 1947 on the status of cooperation when the fund is subscribed by the employees of these companies or by employees belonging to the same group as these companies within the meaning of 1° of I of…

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