When a fund management company enters into forward purchase or sale transactions involving securities which are not admitted to trading on a financial instruments market within the meaning of I of article L. 214-28, the agreements relating to these transactions are entered into within the limits and under the conditions specified in the fund rules.
The management company may not, on behalf of a fund, carry out any transactions other than forward or spot purchases or sales of its assets which are not traded on a financial instruments market within the meaning of I of article L. 214-28, within the limits set by this sub-section, nor may it sell or buy equity or debt securities held for more than twelve months to an affiliated undertaking…
I. – If the fund rules provide for capital to be called up in stages, it shall be paid up by the unitholders at the request of the management company before the end of the lock-up period provided for in VII of article L. 214-28. The fund rules define the terms and conditions under which interest is charged on amounts not paid by the due date set by the management…
The management company reports to unitholders on the appointment of its corporate officers and employees to the positions of manager, director, member of the management board or member of the supervisory board of the companies in which the fund holds investments.
I. – The entities mentioned in 2° of II of article L. 214-28 in which venture capital mutual funds may invest are those which limit the liability of their investors to the amount of their contributions. II. – For the purposes of calculating the numerator of the 50% quota stipulated in I of article L. 214-28, the rights representing a financial investment in the entities mentioned in I are taken…
The liquid financial instruments referred to in XII of article L. 214-28 are: 1° Treasury bills; 2° Money market instruments referred to in 2° of I of article L. 214-24-55 whose remuneration does not depend, directly or indirectly, on the value of one or more financial contracts; 3° Bonds traded on a market referred to in articles L. 421-1, L. 422-1 and L. 423-1 which are issued or guaranteed by…
For the assessment of the 60% quota set out in I of Article L. 214-30 : 1° The numerator is made up of the subscription or acquisition price of the securities or rights in the portfolio and the book value of the other assets. The denominator is made up of the paid-up amount of subscriptions to the fund. This amount is reduced by unit redemptions requested by unitholders and carried…
I. – The provisions of articles R. 214-32-18 to R. 214-32-21, R. 214-32-29, R. 214-32-32 to R. 214-32-36, R. 214-32-38 to R. 214-32-40 and R. 214-32-42 do not apply to innovation mutual funds. II. – The assets of a fonds commun de placement dans l’innovation may be invested in : 1° A maximum of 10% in securities from a single issuer ; 2° 35% maximum in shares or units of…
An innovation mutual fund may borrow up to 10% of its assets.
A fonds commun de placement dans l’innovation may not invest more than 10% of its assets in rights representing a financial investment in entities mentioned in 2° of II of article L. 214-28 which are not covered by the other provisions of this article L. 214-28 or II of article L. 214-1, or articles L. 214-30 and L. 214-38.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
