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Article L214-141 of the French Monetary and Financial Code

The general regulations of the Autorité des marchés financiers shall set the conditions for the subscription, sale and redemption of units or shares issued by such funds. By way of derogation from the third paragraph of Article L. 214-24-29 and the first paragraph of Article L. 214-24-34, the regulations or articles of association of the fund of hedge funds may stipulate that the redemption of units or shares may be…

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