Sub-paragraph 3: Innovation mutual funds

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…