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)…