Article R214-65 of the French Monetary and Financial Code
For the assessment of the 60% quota set out in I of Article L. 214-31 : 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 and carried…