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French Monetary and Financial Code

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Article R214-32-18 of the French Monetary and Financial Code

November 6, 2023

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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Article R214-32-19 of the French Monetary and Financial Code

November 6, 2023

I. – The assets of a general-purpose investment fund may also include, up to the limit of 10% stipulated in II of article R. 214-32-18 : 1° warrants ; 2° Savings bonds 3° Promissory notes 4° mortgage notes 5° Shares or units in FIAs established in another Member State of the European Union or in investment funds governed by foreign law that meet the criteria laid down in the general…

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Article R214-32-20 of the French Monetary and Financial Code

November 6, 2023

I. – The money market instruments referred to in 5° of I of article R. 214-32-18 are : 1° Issued or guaranteed by : a) A Member State of the European Union or another State party to the Agreement on the European Economic Area or, for one of these States, in the case of a federal State, one of the members making up the Federation ; b) A regional or…

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Article R214-32-21 of the French Monetary and Financial Code

November 6, 2023

The deposits referred to in 4° of I of article L. 214-24-55 are deposits made with a credit institution that are repayable on demand or can be withdrawn and have a maturity of twelve months or less, provided that the credit institution has its registered office in a Member State of the European Union or in another State party to the Agreement on the European Economic Area or, if its…

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Article R214-32-22 of the French Monetary and Financial Code

November 6, 2023

A general-purpose investment fund may enter into the financial contracts referred to in 5° of I of Article L. 214-24-55 on the markets referred to in 1°, 2° or 3° of I of Article R. 214-32-18 or traded over-the-counter, under the following conditions : 1° These contracts relate to one or more of the following: a) The assets referred to in article L. 214-24-55, including instruments with one or more…

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Article R214-32-23 of the French Monetary and Financial Code

November 6, 2023

Contracts entered into by a general purpose investment fund may relate to : a) Commodities. Exposure to any one commodity contract may not exceed 10% of the assets. Significant correlations between commodity contracts entered into by the general purpose investment fund shall be taken into account in assessing this limit in accordance with the procedures laid down in the general regulations of the Autorité des marchés financiers. The unwinding of…

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Article R214-32-24 of the French Monetary and Financial Code

November 6, 2023

The investment underlying the financial contracts is taken into account for the application of the provisions of I and II of article R. 214-32-29 and of article R. 214-32-33. When these financial contracts are based on indices meeting the conditions defined in I of article R. 214-32-25, the provisions of the first paragraph may be waived.

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Article R214-32-24-1 of the French Monetary and Financial Code

November 6, 2023

I. – When an eligible financial security or money market instrument referred to in article L. 214-24-55 includes a financial contract that simultaneously meets the three conditions mentioned below, the latter is taken into account for the application of articles R. 214-32-24 and R. 214-32-41. These conditions are as follows 1° As a result of its presence, all or part of the cash flows that would otherwise be involved in…

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Article R214-32-25 of the French Monetary and Financial Code

November 6, 2023

I. – The financial indices referred to in Article R. 214-32-22 satisfy the following conditions: 1° Their composition is sufficiently diversified, in the sense that the following criteria are met: a) The index is composed in such a way that price movements or trading activities affecting one of its components do not have an abnormal influence on its overall performance ; b) When the index is composed of instruments mentioned…

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Article R214-32-26 of the French Monetary and Financial Code

November 6, 2023

A general-purpose investment fund may enter into financial contracts meeting the characteristics of credit derivatives which satisfy the following criteria: 1° They make it possible to transfer the credit risk associated with an asset referred to in 1° of Article R. 214-32-22 independently of the other risks associated with this asset; 2° They give rise to the delivery or transfer of assets mentioned in article L. 214-24-55, including in the…

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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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is a Registered Trademark of
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75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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