Section 2: FIA.

Unless otherwise stipulated, articles R. 214-32-9 to D. 214-33 apply to funds covered by this sub-paragraph.

II of article D. 214-32-31 does not apply to AIFs covered by this sub-paragraph.

In order to prevent an imbalance between redemption requests and the assets of a general-purpose professional fund or one of its sub-funds from preventing it from honouring redemption requests under conditions which protect the interests of unitholders and ensure that they are treated equally, the fund rules or articles of association may, pursuant to the second paragraph of Article L. 214-146, set a ceiling on redemptions of units or shares…

I. – The 10% limit stipulated in the first and penultimate paragraphs of I and in the first paragraph of II of article R. 214-32-19 is raised to 50% for general-purpose professional funds. However, a general-purpose professional fund may not invest more than 10% of its assets in instruments mentioned in article L. 214-71, nor more than 20% of its assets in equities mentioned in article L. 214-62, nor more…

By way of derogation from the 50% limit mentioned in I of article R. 214-190, a general-purpose professional fund may invest up to 100% of its assets in the financial instruments mentioned in 1° to 6° of I of article R. 214-186, provided that these instruments emanating from the same UCITS, the same AIF covered by paragraphs 1, 2 and 6 of sub-section 2, sub-paragraph 1 of paragraph 1 of…