Where one or more sub-funds are formed within a general-purpose investment fund, they are individually subject to the provisions of this Code governing that fund.
In accordance with the conditions laid down in the general regulations of the Autorité des marchés financiers, the fund rules or articles of association of a general-purpose investment fund may reserve the subscription or purchase of its units or shares to no more than twenty investors or to a category of investors whose characteristics are precisely defined in the prospectus. The custodian or the person designated for this purpose by…
Notwithstanding article L. 214-24-8, the custodian of a general-purpose investment fund shall only hold the assets mentioned in 1° to 6° of I of article L. 214-24-55. In the case of other assets, it shall retain proof of their existence, provided under conditions laid down by decree.
Unless otherwise provided, articles L. 214-24-24 to L. 214-26-2 apply to private equity funds.
I. – At least 50% of the assets of a fonds commun de placement à risques must be made up of non-trading securities, equity securities or securities giving access to the capital of companies, which are not admitted to trading on a French or foreign financial instruments market operated by a market undertaking or an investment services provider other than a portfolio management company or any other similar foreign body,…
Where a fonds commun de placement à risques is a master FIA, the feeder undertakings for collective investment are subject to the holding, marketing, advertising and canvassing rules applicable to the master fund.
I. – Innovation mutual funds are venture capital mutual funds at least 70% of whose assets consist of financial securities, limited liability company shares and current account advances, as defined in I and 1° of II of article L. 214-28, which grant subscribers of equity securities only the rights resulting from their status as shareholders or partners, to the exclusion of any other consideration, in particular in the form of…
Each year, before 30 April of the following year, innovation mutual funds send the Autorité des marchés financiers a summary statement of the companies financed, the securities held and the amounts invested during the year, in accordance with the conditions defined by joint order of the ministers responsible for the economy and the budget. The information contained in this statement is that at 31 December of the year. The Autorité…
I. – Local investment funds (fonds d’investissement de proximité) are venture capital investment funds (fonds communs de placement à risques), at least 70% of whose assets consist of financial securities, shares in limited liability companies and current account advances, as defined by I and 1° of II of article L. 214-28, which give subscribers only the rights resulting from their status as shareholders or partners, to the exclusion of any…
Local investment funds may not benefit from the provisions of article L. 214-24-26.
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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
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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
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