Article R214-203-6 of the French Monetary and Financial Code
November 6, 2023
When granting loans, a specialised professional fund : 1° May borrow under the following cumulative conditions: a) The maximum leverage of the fund, expressed as a ratio between the fund’s exposure and its net asset value, is set in the articles of association or fund rules, within the limits defined by order of the Minister for the Economy. For the purpose of calculating this leverage, borrowing agreements contracted on a…
