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Article L214-191 of the French Monetary and Financial Code

I. – Collective investments not covered by sections 1 and 2 of this chapter are referred to as: “Other collective investments”. These include 1° a SICAV established in the form of a simplified joint stock company set up by a single person and whose articles of association expressly prohibit multiple members ; 2° A société de placement à prépondérance immobilière à capital variable (real estate investment company with variable capital)…

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