Subsection 3: Provisions relating to portfolio management companies.

Where it is authorised to provide one or more investment services, the portfolio management company shall, for the provision of such services, comply with the provisions of this Title applicable to portfolio management companies and the provisions applicable to investment firms.

The period of time after which the AMF’s silence on applications for professional certification from bodies that organise examinations to verify the professional knowledge of individuals placed under the authority of or acting on behalf of portfolio management companies is deemed to constitute a decision to accept the application is four months from the date of receipt of the complete application.