The deposits referred to in 4° of I of article L. 214-20 are deposits made with a credit institution that are repayable on demand or can be withdrawn and have a maturity of twelve months or less, provided that the credit institution has its registered office in a Member State of the European Union or in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…
A UCITS may enter into the financial contracts referred to in 5° of the I of Article L. 214-20 concluded on the markets referred to in 1°, 2° or 3° of the I of Article R. 214-11 or traded over-the-counter, subject to the following conditions: 1° These relate to one or more of the following: a) The assets referred to in article L. 214-20, including instruments with one or more…
A UCITS may enter into the financial contracts provided for in 5° of the I of Article L. 214-20 and entered into on the markets mentioned in 1°, 2° or 3° of the I of Article R. 214-11 or traded over-the-counter, provided that, overall, the exposure to the underlying assets does not exceed the investment limits provided for in Articles R. 214-21, R. 214-24 and R. 214-25. When these financial…
I. – When an eligible financial security or money market instrument referred to in article L. 214-20 includes a financial contract which simultaneously meets the three conditions mentioned below, the latter is taken into account for the application of articles R. 214-15-1 and R. 214-30. These conditions are as follows 1° By virtue of its presence, all or part of the cash flows that would otherwise be implied by the…
I – The financial indices mentioned in article R. 214-15 meet 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 in…
A UCITS 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 mentioned in 1° of Article R. 214-15 independently of the other risks associated with this asset; 2° They give rise to the delivery or transfer of assets mentioned in article L. 214-20, including in the form of cash;…
I. – A UCITS may use techniques and instruments relating to eligible financial securities and money market instruments, and in particular repurchase agreements and similar transactions for the temporary purchase or sale of securities, provided that these techniques and instruments are used for the purpose of efficient portfolio management. Under no circumstances will these techniques and instruments cause the UCITS to deviate from its investment objectives as set out in…
I. – A UCITS may not grant loans or act as guarantor on behalf of third parties. It may, however, acquire financial instruments referred to in article L. 214-20 which are not fully paid up. II. – A UCITS may, in order to achieve its management objective, receive or grant the guarantees mentioned in article L. 211-38, under the conditions defined in that same article, as well as receive joint…
A UCITS may not engage in short sales of the financial instruments referred to in Article L. 214-20.
I. – A UCITS may not invest more than : 1° 5% of its assets in eligible financial instruments or money market instruments issued by the same issuer ; 2° 20% of its assets in eligible financial securities or money market instruments issued by the same entity; 3° 20% of its assets in deposits placed with the same entity. The UCITS’ counterparty risk on a single counterparty resulting from over-the-counter…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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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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