For the purposes of sub-paragraphs 2 and 3, where a general-purpose investment fund is made up of several sub-funds, each sub-fund is considered to be a separate general-purpose investment fund.
The initial capital of a SICAV may not be less than €300,000.
A SICAV’s General Meeting of shareholders is convened and shareholders are informed of proposed mergers or demergers in accordance with the same procedures as those set out respectively in 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 in registered form. Articles R. 225-73 and R. 225-73-1 of the…
The former SICAV, which retains the assets whose disposal would not be in the interests of the shareholders pursuant to Article L. 214-24-33, 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. 214-24-41, 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 type as the fund involved in the split. The portfolio…
I. – The eligible financial securities mentioned in 1° of I of article L. 214-24-55 meet the following conditions: 1° The potential loss to which the general-purpose investment fund is exposed as a result of holding them is limited to the amount it paid to acquire them; 2° Their liquidity does not compromise the ability of the general-purpose investment fund to comply with the provisions of Articles L. 214-24-29 and…
The money market instruments referred to in 2° of I of Article L. 214-24-55 comply with the following rules: 1° They comply with at least one of the following criteria: a) They have an issue maturity of up to 397 days ; b) They have a residual maturity of up to 397 days; c) Their yield is adjusted regularly, at least every 397 days, in accordance with money market conditions;…
I. – The eligible financial securities and money market instruments referred to in I of article L. 214-24-55 are : 1° Either eligible financial securities and money market instruments admitted to trading on a regulated market within the meaning of Article L. 422-1 ; 2° Eligible financial securities and money market instruments admitted to trading on another regulated market which operates regularly, is recognised, is open to the public and…
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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