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French Monetary and Financial Code

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Article L214-24-47 of the French Monetary and Financial Code

November 8, 2023

The statutory auditor is required to report as soon as possible to the Autorité des marchés financiers any fact or decision concerning the general-purpose investment fund of which he has become aware in the course of his duties, which is likely to: 1° constitutes a breach of the legal or regulatory provisions applicable to the general-purpose investment fund and is likely to have a material impact on its financial position,…

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Article L214-24-49 of the French Monetary and Financial Code

November 8, 2023

The Articles of Association of a SICAV or the regulations of a fonds commun de placement shall determine the duration of the accounting periods, which may not exceed twelve months. However, the first financial year may extend over any period not exceeding eighteen months. Within six weeks of the end of each half-year of the financial year, the SICAV and the management company, for each of the funds it manages,…

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Article L214-24-50 of the French Monetary and Financial Code

November 8, 2023

The income of a general-purpose investment fund includes net income, realised capital gains and losses net of costs and net unrealised capital gains and losses. Net income is equal to the amount of interest, arrears, premiums and lots, dividends, remuneration provided for in article L. 225-45 of the Commercial Code and all other income relating to the securities in the portfolio, plus the proceeds of sums temporarily available and less…

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Article L214-24-51 of the French Monetary and Financial Code

November 8, 2023

I. – The sums available for distribution by a general purpose investment fund are made up of : 1° Net income plus retained earnings plus or minus the balance of the income equalisation account; 2° Realised capital gains, net of costs, less realised capital losses, net of costs, recorded during the financial year, plus net capital gains of the same nature recorded during previous financial years which have not been…

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Article L214-24-53 of the French Monetary and Financial Code

November 8, 2023

When the AMF becomes aware of an infringement of the provisions of this Code committed by a statutory auditor of a management company or a general-purpose investment fund, or when it considers that the conditions of independence required for the proper performance of the statutory auditor’s duties are not met, the AMF may ask the competent court to relieve the statutory auditor of his duties in accordance with the procedures…

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Article L214-24-55 of the French Monetary and Financial Code

November 8, 2023

I. – Under conditions laid down by decree of the Conseil d’Etat, the assets of a general-purpose investment fund include : 1° Financial securities within the meaning of 1 and 2 of II of article L. 211-1, referred to as: eligible financial securities ; 2° Money market instruments normally traded on a money market, which are liquid and whose value can be determined at any time; 3° Units or shares…

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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Resources 

Contacts
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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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