The management company reports to unitholders on the appointment of its corporate officers and employees to the positions of manager, director, member of the management board or member of the supervisory board of the companies in which the fund holds investments.
I. – The entities mentioned in 2° of II of article L. 214-28 in which venture capital mutual funds may invest are those which limit the liability of their investors to the amount of their contributions. II. – For the purposes of calculating the numerator of the 50% quota stipulated in I of article L. 214-28, the rights representing a financial investment in the entities mentioned in I are taken…
The liquid financial instruments referred to in XII of article L. 214-28 are: 1° Treasury bills; 2° Money market instruments referred to in 2° of I of article L. 214-24-55 whose remuneration does not depend, directly or indirectly, on the value of one or more financial contracts; 3° Bonds traded on a market referred to in articles L. 421-1, L. 422-1 and L. 423-1 which are issued or guaranteed by…
For the assessment of the 60% quota set out in I of Article L. 214-30 : 1° The numerator is made up of the subscription or acquisition price of the securities or rights in the portfolio and the book value of the other assets. The denominator is made up of the paid-up amount of subscriptions to the fund. This amount is reduced by unit redemptions requested by unitholders and carried…
I. – The provisions of articles R. 214-32-18 to R. 214-32-21, R. 214-32-29, R. 214-32-32 to R. 214-32-36, R. 214-32-38 to R. 214-32-40 and R. 214-32-42 do not apply to innovation mutual funds. II. – The assets of a fonds commun de placement dans l’innovation may be invested in : 1° A maximum of 10% in securities from a single issuer ; 2° 35% maximum in shares or units of…
An innovation mutual fund may borrow up to 10% of its assets.
A fonds commun de placement dans l’innovation may not invest more than 10% of its assets in rights representing a financial investment in entities mentioned in 2° of II of article L. 214-28 which are not covered by the other provisions of this article L. 214-28 or II of article L. 214-1, or articles L. 214-30 and L. 214-38.
For the assessment of the limits set out in articles R. 214-48 and R. 214-49: 1° When the securities held by the fund are not admitted to trading on a financial instruments market within the meaning of I of Article L. 214-28, they are taken at their acquisition or subscription value; 2° When securities held by the fund are exchanged for securities that are not admitted to trading on a…
For the purposes of calculating the 15% limit referred to in 1° of II of article L. 214-28, the denominator is the higher of the following two amounts: the fund’s net assets or the paid-up amount of subscriptions to the fund.
A fonds commun de placement dans l’innovation : 1° May not hold more than 35% of the capital or voting rights of any single issuer. However, due to the exercise of exchange, subscription or conversion rights and in the interests of unitholders, this limit may be temporarily exceeded. In this case, the management company will inform the Autorité des marchés financiers, the custodian and the fund’s auditor of the reasons…
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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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