Sub-paragraph 3: Investment rules.

I. – The eligible financial securities mentioned in 1° of I of article L. 214-24-55 meet the following conditions: 1° The potential loss to which the general-purpose investment fund is exposed as a result of holding them is limited to the amount it paid to acquire them; 2° Their liquidity does not compromise the ability of the general-purpose investment fund to comply with the provisions of Articles L. 214-24-29 and…

The money market instruments referred to in 2° of I of Article L. 214-24-55 comply with the following rules: 1° They comply with at least one of the following criteria: a) They have an issue maturity of up to 397 days ; b) They have a residual maturity of up to 397 days; c) Their yield is adjusted regularly, at least every 397 days, in accordance with money market conditions;…

I. – The eligible financial securities and money market instruments referred to in I of article L. 214-24-55 are : 1° Either eligible financial securities and money market instruments admitted to trading on a regulated market within the meaning of Article L. 422-1 ; 2° Eligible financial securities and money market instruments admitted to trading on another regulated market which operates regularly, is recognised, is open to the public and…

I. – The assets of a general-purpose investment fund may also include, up to the limit of 10% stipulated in II of article R. 214-32-18 : 1° warrants ; 2° Savings bonds 3° Promissory notes 4° mortgage notes 5° Shares or units in FIAs established in another Member State of the European Union or in investment funds governed by foreign law that meet the criteria laid down in the general…

I. – The money market instruments referred to in 5° of I of article R. 214-32-18 are : 1° Issued or guaranteed by : a) A Member State of the European Union or another State party to the Agreement on the European Economic Area or, for one of these States, in the case of a federal State, one of the members making up the Federation ; b) A regional or…

The deposits referred to in 4° of I of article L. 214-24-55 are deposits made with a credit institution that are repayable on demand or can be withdrawn and have a maturity of twelve months or less, provided that the credit institution has its registered office in a Member State of the European Union or in another State party to the Agreement on the European Economic Area or, if its…

A general-purpose investment fund may enter into the financial contracts referred to in 5° of I of Article L. 214-24-55 on the markets referred to in 1°, 2° or 3° of I of Article R. 214-32-18 or traded over-the-counter, under the following conditions : 1° These contracts relate to one or more of the following: a) The assets referred to in article L. 214-24-55, including instruments with one or more…

Contracts entered into by a general purpose investment fund may relate to : a) Commodities. Exposure to any one commodity contract may not exceed 10% of the assets. Significant correlations between commodity contracts entered into by the general purpose investment fund shall be taken into account in assessing this limit in accordance with the procedures laid down in the general regulations of the Autorité des marchés financiers. The unwinding of…

The investment underlying the financial contracts is taken into account for the application of the provisions of I and II of article R. 214-32-29 and of article R. 214-32-33. When these financial contracts are based on indices meeting the conditions defined in I of article R. 214-32-25, the provisions of the first paragraph may be waived.

I. – When an eligible financial security or money market instrument referred to in article L. 214-24-55 includes a financial contract that simultaneously meets the three conditions mentioned below, the latter is taken into account for the application of articles R. 214-32-24 and R. 214-32-41. These conditions are as follows 1° As a result of its presence, all or part of the cash flows that would otherwise be involved in…