Article D214-188 of the French Monetary and Financial Code
November 6, 2023
In order to prevent an imbalance between redemption requests and the assets of a general-purpose professional fund or one of its sub-funds from preventing it from honouring redemption requests under conditions which protect the interests of unitholders and ensure that they are treated equally, the fund rules or articles of association may, pursuant to the second paragraph of Article L. 214-146, set a ceiling on redemptions of units or shares…
