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Article R214-32-27 of the French Monetary and Financial Code

November 6, 2023

I. – A general-purpose investment fund 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 general-purpose investment fund to deviate from its investment objectives…

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Article R214-32-28 of the French Monetary and Financial Code

November 6, 2023

I. – A general purpose investment fund may not grant loans or act as guarantor on behalf of third parties. It may, however, acquire financial instruments referred to in article L. 214-24-55 which are not fully paid up. II. – A general-purpose investment fund 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,…

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Article R214-32-29 of the French Monetary and Financial Code

November 6, 2023

I. – A general purpose investment fund may not invest more than : 1° 5% of its assets in eligible financial securities 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 general-purpose investment fund’s counterparty risk on a…

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Article R214-32-30 of the French Monetary and Financial Code

November 6, 2023

I. – By way of derogation from the 10% limit set out in II of article R. 214-32-29, a general purpose investment fund may invest up to 20% of its assets in equities and debt securities of a single issuer where, in accordance with the fund rules or the SICAV’s articles of association, the investment policy of the general purpose investment fund aims to replicate the composition of an equity…

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Article D214-32-31 of the French Monetary and Financial Code

November 6, 2023

I. – The shares or units of general-purpose investment funds, other than those referred to in Article L. 214-26-1, marketed in France, as well as the shares or units of FIAs governed by foreign law marketed in France under the conditions laid down in Article L. 214-24-1, may be admitted to trading on a regulated market for financial instruments defined in Article L. 421-1 or on a multilateral trading facility…

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

November 6, 2023

By way of derogation from article R. 214-32-29, a general-purpose investment fund may invest, in accordance with the principle of risk spreading, up to 100% of its assets in different eligible financial securities and money market instruments mentioned in 1° of IV of article R. 214-32-29. These eligible financial securities and money market instruments shall belong to at least six different issues, provided that the securities belonging to any one…

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Article R214-32-34 of the French Monetary and Financial Code

November 6, 2023

When a general-purpose investment fund has acquired units or shares in a collective investment scheme governed by French law, a UCITS established under foreign law, an FIA established in another Member State of the European Union or an investment fund governed by foreign law, it shall not combine the assets of these FIAs, collective investment schemes or funds for the purposes of applying the limits stipulated in article R. 214-32-29.

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Article R214-32-35 of the French Monetary and Financial Code

November 6, 2023

I. – (Repealed) II. – A general-purpose investment fund may not hold more than : 1° 10% of the non-voting equity securities of any one issuer ; 2° 10% of the debt securities of any one issuer ; 3° 10% of money market instruments issued by the same issuer. The limits laid down in 2° and 3° may not be complied with at the time of acquisition if, at that…

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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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Linkedin

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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