Article R214-207 of the French Monetary and Financial Code
November 6, 2023
Unless otherwise stipulated, articles R. 214-32-9 to D. 214-33 apply to funds covered by this sub-section.
Unless otherwise stipulated, articles R. 214-32-9 to D. 214-33 apply to funds covered by this sub-section.
Article D. 214-32-31 does not apply to AIFs covered by this sub-section.
Notwithstanding I and II of article R. 214-32-29, company mutual funds and employee shareholding open-ended investment companies may hold, without limitation, securities issued by the company or by a company affiliated to it under the conditions set out in articles L. 3344-1 and L. 3344-2 of the Labour Code. In the case of shares in limited liability companies issued by a company governed by law no. 47-1775 of 10 September…
The Autorité des marchés financiers may request that it be provided with information enabling it to ensure that members of the company savings plan are offered at least one investment option that complies with the conditions set out in the second paragraph of article L. 3332-17 of the Labour Code.
Articles L. 214-24-29, L. 214-24-33, L. 214-24-34, L. 214-24-41, L. 214-24-55, R. 214-32-33, R. 214-32-35 and R. 214-32-40 as well as this paragraph are applicable to each of the sub-funds of company mutual funds and employee share ownership open-ended investment companies. These funds and companies and their sub-funds may invest in shares or units of UCITS or AIFs covered by paragraphs 1, 2 and 6 of sub-section 2, sub-paragraph 1…
When the composition of the supervisory boards of a fonds commun de placement d’entreprise governed by article L. 214-165 and the procedures for appointing its members are determined under the conditions provided for in the second paragraph of I of article L. 214-164, the third, fourth and fifth paragraphs of the same I shall apply.
The assets of a fonds commun de placement d’entreprise governed by articles L. 214-164 and L. 214-165 may include shares in sociétés anonymes à responsabilité limitée issued by companies governed by law no. 47-1775 of 10 September 1947 on the status of cooperation and shares in mutual or cooperative banks, without prejudice to the special rules applicable to these entities, when the fund is subscribed by employees of these companies…
The rule laid down in article D. 214-32-13 regarding the minimum amount of assets of mutual funds does not apply to company mutual funds governed by articles L. 214-164 and L. 214-165.
If the limits stipulated in a of V of article L. 214-164 are exceeded for reasons beyond the control of the fonds commun de placement d’entreprise, its primary objective must be to rectify the situation, taking into account the interests of the shareholders or unit-holders.
The following are deemed to be liquid within the meaning of the third paragraph of Article L. 3332-17 of the Labour Code: 1° Transferable securities admitted to trading on a French or foreign regulated market; 2° Shares or units in UCITS and general-purpose investment funds covered by paragraph 1 of sub-section 2 of this section. The mechanism guaranteeing the liquidity of securities not admitted to trading on a regulated market…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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