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Article L214-164 of the French Monetary and Financial Code

I. – The regulations governing the fund set up to manage sums invested in application of Title III of Book III of Part III of the Labour Code relating to employee savings plans provide for the establishment of a supervisory board and the cases in which the management company must obtain the opinion of this board. At least half of the Supervisory Board is made up of employees representing the…

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Article L214-165 of the French Monetary and Financial Code

I. – This article applies to company mutual funds in which more than one third of the assets are made up of shares or securities issued by the company or by any company linked to it under the conditions set out in article L. 3344-1 of the French Labour Code. II. – The fund rules specify the composition and procedures for appointing its supervisory board, which may be carried out…

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Article L214-165-1 of the French Monetary and Financial Code

I.-1° Company mutual funds which are not subject to the provisions of Book III of Part III of the Labour Code and more than one third of whose assets are made up of securities issued by a foreign company or by any other foreign company belonging to the same group are subject to the provisions of this article. For the purposes of this article, the group referred to in the…

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