Sub-paragraph 1: Fonds commun de placement à risques.

I. – If the fund rules provide for capital to be called up in stages, it shall be paid up by the unitholders at the request of the management company before the end of the lock-up period provided for in VII of article L. 214-28. The fund rules define the terms and conditions under which interest is charged on amounts not paid by the due date set by the management…

The management company reports to unitholders on the appointment of its corporate officers and employees to the positions of manager, director, member of the management board or member of the supervisory board of the companies in which the fund holds investments.

I. – The entities mentioned in 2° of II of article L. 214-28 in which venture capital mutual funds may invest are those which limit the liability of their investors to the amount of their contributions. II. – For the purposes of calculating the numerator of the 50% quota stipulated in I of article L. 214-28, the rights representing a financial investment in the entities mentioned in I are taken…

The liquid financial instruments referred to in XII of article L. 214-28 are: 1° Treasury bills; 2° Money market instruments referred to in 2° of I of article L. 214-24-55 whose remuneration does not depend, directly or indirectly, on the value of one or more financial contracts; 3° Bonds traded on a market referred to in articles L. 421-1, L. 422-1 and L. 423-1 which are issued or guaranteed by…