Subsection 2: Operating rules

The initial capital of an open-ended investment company may not be less than €300,000.

A general meeting of shareholders of an open-ended investment company (société d’investissement à capital variable) is convened and the shareholders are informed of the proposed merger or demerger in accordance with the same procedures as those provided for respectively by articles R. 225-67 and R. 236-2 of the Commercial Code for companies whose financial securities are not admitted to trading on a regulated market or all of whose shares are…

The former SICAV, which retains the assets whose disposal would not be in the interests of the shareholders pursuant to Article L. 214-7-4, and the new SICAV have the same portfolio management company, the same custodian and the same auditor. The new SICAV intended to receive assets other than those mentioned in the first paragraph is of the same type as the SICAV involved in the split. The portfolio management…

The minimum amount of assets that mutual funds must hold when they are set up is €300,000.

Contributions in kind made at the formation of a fonds commun de placement are valued under the same conditions as subsequent contributions of securities and in accordance with the procedures set out in the fund rules.

The former fund, which retains the assets whose disposal would not be in the best interests of the unitholders pursuant to article L. 214-8-7, and the new fund have the same portfolio management company, the same custodian and the same auditor. The new fund intended to receive assets other than those mentioned in the first paragraph is of the same nature as the fund involved in the split. The portfolio…