Section 2: FIA.

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…

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…

The rule set out in article D. 214-32-13 regarding the minimum amount of assets of unit trusts does not apply to funds covered by this paragraph.

The following are considered to be liquid within the meaning of IV of Article L. 214-165-1: 1° Transferable securities which are admitted to trading on a trading platform of a State party to the Agreement on the European Economic Area or on a trading platform of a third country recognised as equivalent; 2° Shares or units in UCITS and general-purpose investment funds covered by paragraph 1 of sub-section 2 of…

I.-For the application of 2° of III of article L. 214-165-1, the appraised value of the company is determined in accordance with the following procedures: 1° When the investment instruments of a company savings plan include the possibility of investing in securities of the company which are not admitted to trading on a trading platform of a State party to the agreement on the European Economic Area or on a…

When a company carries out capital increases or sales of securities reserved for its employees, through the intermediary of the mutual fund covered by this paragraph, the subscription form is signed by the fund’s portfolio management company. The issuing company notifies the fund’s portfolio management company of the number of equity securities subscribed for or the number of securities sold. The fund’s portfolio management company informs each unitholder of the…

In the case referred to in 4° of III of article L. 214-165-1, either the issuing company, or a company in the same group within the meaning of I of the same article, undertakes to redeem these securities at the first request of the subscriber at their nominal value plus accrued interest, or an equivalent mechanism is set up to guarantee their redemption on the same terms. In addition, when…