When the valuation is carried out in accordance with 2° of Article L. 214-24-15, the AMF may require that the valuation procedures implemented by the AIF or its management company, as well as the valuations carried out, be verified by an external valuation expert or, where applicable, by a statutory auditor.
The management company shall publish an annual report for each financial year for each European Union AIF that it manages and for each AIF that it markets in the European Union within the time limit set by decree. This annual report shall be sent to the AIF’s unitholders or shareholders at their request. It shall be made available to the Autorité des marchés financiers and, where applicable, to the home…
I. – The AIF or its management company shall report regularly to the Autorité des marchés financiers on the main markets on which it operates and the main instruments it trades. It shall provide information on the main instruments it trades, the markets on which it operates, its main exposures and its largest concentrations. II. – When it is managed or marketed in the European Union, the AIF or its…
I. – This paragraph applies, subject to the conditions laid down in Article 6 of Directive 2002/14/EC of 11 March 2002: 1° To one or more AIFs managed by the same management company which, either separately or jointly pursuant to an agreement entered into for that purpose, acquire control of a company or issuer referred to in Article L. 214-24-23; 2° AIFs or their management companies cooperating with one or…
When the AIF acquires, disposes of or holds shares in a company whose registered office is located in a Member State of the European Union and whose shares are not admitted to trading on a regulated market in a Member State of the European Union, the FIA or its management company notifies the Autorité des marchés financiers, within a period set by decree, of the proportion of the company’s voting…
A decree shall set the conditions under which the AIFs or their management companies mentioned in I of Article L. 214-24-1 acquire control : 1° Of a company whose registered office is established in a Member State of the European Union and whose shares are not admitted to trading on a regulated market in a Member State of the European Union. By way of derogation from Article L. 233-3 of…
The formation, conversion or liquidation of a general-purpose investment fund or a subfund of a general-purpose investment fund is subject to authorisation by the Autorité des marchés financiers. The Autorité des marchés financiers may withdraw its authorisation from any general-purpose investment fund or sub-fund of a general-purpose investment fund.
General-purpose investment funds take the form either of open-ended investment companies known as “SICAVs”, or of unit trusts. General-purpose investment funds may comprise different classes of units or shares under conditions set by the fund rules or the SICAV’s articles of association, in accordance with the general regulations of the Autorité des marchés financiers.
I. – A general-purpose investment fund may have one or more sub-funds if its articles of association or fund rules so provide. Each sub-fund shall give rise to the issue of a class of units or shares representing the assets of the general-purpose investment fund allocated to it. Notwithstanding article 2285 of the French Civil Code and unless otherwise stipulated in the articles of association or fund rules, the assets…
Creditors whose title derives from the safekeeping or management of the assets of a general-purpose investment fund shall have an action only in respect of those assets. Creditors of the depositary may not pursue payment of their claims against the assets of a general-purpose investment fund held by it.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
