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Subsection 4: Master and feeder undertakings for collective investment in transferable securities

Article R214-31-1 of the French Monetary and Financial Code

I. – Notwithstanding articles R. 214-24 and R. 214-26, a feeder UCITS may invest up to 100% of its assets in units or shares of a single master UCITS governed by French or foreign law and hold up to 100% of the units or shares of the master UCITS. II. – The condition mentioned in 4° of Article R. 214-13 does not apply to the master French or foreign UCITS…

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