Sub-paragraph 1: Procedure for marketing FIAs in France

For the purposes of this paragraph, marketing means a direct or indirect offer or placement, at the initiative or on behalf of a French portfolio management company, a management company established in a Member State of the European Union or an asset manager established in a third country, of units or shares of an AIF that they manage, to investors domiciled or having their registered office in the European Union.

I. – Any French portfolio management company, any management company established in a Member State of the European Union or any asset manager established in a third country shall, prior to marketing in France units or shares of FIAs established in a Member State of the European Union or in a third country to professional clients, with or without a passport, send a notification to the Autorité des marchés financiers…