Sub-paragraph 2: Special provisions for specialised financing funds

The specialised financing fund is a specialised financing body set up in the form of a co-ownership. The fund does not have legal personality. The provisions of the Civil Code relating to joint ownership and those of articles 1871 to 1873 of the Civil Code relating to joint ventures do not apply to specialised finance funds. The minimum amount of a unit issued by a specialised finance fund is defined…

The redemption by the fund of its units and the issue of new units or debt securities may be temporarily suspended by the management company when exceptional circumstances so require and if the interests of investors or the public so dictate, under conditions laid down in the fund rules. In the same circumstances, when the disposal of certain assets would not be in the interests of investors, the other assets…