By way of derogation from Article L. 214-24-24, the formation, transformation, merger, split or liquidation of a fund declared under this paragraph shall not be subject to authorisation by the Autorité des marchés financiers, but shall be declared to it, within one month of their completion, under the conditions defined by its general regulations.
The investors referred to in Article L. 214-144 may invest in specialised professional funds referred to in Article L. 214-154 or professional private equity funds referred to in Article L. 214-159 which have received authorisation to use the name “EuSEF” pursuant to Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds, under conditions laid down by decree.
A specialised professional fund takes the form of a SICAV, a fonds commun de placement or a société en commandite simple. Depending on the case, it is called a “specialised professional investment company”, a “specialised professional investment fund” or a “partnership company”. The société de libre partenariat is subject to sub-paragraph 3 of this paragraph. By way of derogation from Articles L. 214-24-29, L. 214-24-34 and L. 214-24-55, a specialised…
Article L. 214-144 applies to specialised professional funds. The subscription and acquisition of units or shares may also be carried out by investors who are managers, employees or natural persons acting on behalf of the fund management company, as well as by the management company itself.
The General Regulation of the Autorité des marchés financiers shall determine in particular the conditions under which subscribers are informed of the investment rules specific to this specialised professional fund, the conditions under which it may derogate from Article L. 214-24-55, as well as the minimum frequency and the conditions for determining the net asset value.
I. – Notwithstanding the third paragraph of Article L. 214-24-29 and the first paragraph of Article L. 214-24-34, the fund rules or the articles of association of the specialised professional fund shall stipulate the terms and conditions for the issue, subscription, transfer and redemption of units or shares. The fund rules or the articles of association of the specialised professional fund shall specify the net asset value below which the…
Where a specialised professional fund is a master AIF, the rules governing investment holding, canvassing and marketing of the feeder AIF are those of the master AIF.
I. – Unless otherwise stipulated, professional private equity funds are private equity funds governed by articles L. 214-27 to L. 214-32-1. II. – Professional private equity funds take the form of either mutual funds or open-ended investment companies known as “private equity companies”. Articles L. 214-24-29 to L. 214-24-33, with the exception of the third paragraph of Article L. 214-24-29 and 1° and 9° of Article L. 214-24-31, are applicable…
I. – The subscription and purchase of units in professional private equity funds is reserved for the investors referred to in article L. 214-144 as well as for investors who are managers, employees or natural persons acting on behalf of the fund management company and for the management company itself. The custodian or the person designated for this purpose by the regulations of the professional private equity fund shall ensure…
Non-advertised or non-solicited venture capital mutual funds in existence on 30 June 1999 follow the rules applicable to professional venture capital funds, with the exception of the rules relating to the status of investors and those applicable to transformations, mergers, demergers or liquidations, unless each unit-holder of the fund expressly agrees to place these events under the professional venture capital fund regime.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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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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