Notwithstanding articles R. 214-207 to R. 214-214, the provisions of this paragraph shall apply to the company mutual funds mentioned in I of article L. 214-165-1. Articles R. 214-32-9 to D. 214-33 apply to these funds. Article D. 214-32-31 does not apply to them.
By way of derogation from I and II of article R. 214-32-29, corporate mutual funds may hold, without limitation, transferable securities issued by the company or by a company belonging to the same group within the meaning of I of article L. 214-165-1. These funds may not hold more than 10% of the financial instruments with voting rights of any single issuer other than the companies mentioned in the previous…
Articles L. 214-24-34, L. 214-24-41, L. 214-24-55, R. 214-32-33, R. 214-32-35 and R. 214-32-40 as well as the provisions of this paragraph are applicable to each of the sub-funds of the fonds communs de placement d’entreprise. These funds and their sub-funds may invest in shares or units of UCITS or AIFs covered by paragraphs 1, 2 and 6 of sub-section 2, sub-paragraph 1 of paragraph 1 or paragraph 2 of…
When the composition of the supervisory board of a company investment fund and the procedures for appointing its members are set under the conditions provided for in the second paragraph of I of Article L. 214-164: 1° The fund rules specify the procedures for appointing the representatives of the unitholders either by election or by choice made by the bodies representing the employees; 2° The chairman of the supervisory board…
The assets of a fonds commun de placement d’entreprise mentioned in article L. 214-165-1 may include shares in sociétés anonymes à responsabilité limitée issued by companies governed by law no. 47-1775 of 10 September 1947 on the status of cooperation when the fund is subscribed by the employees of these companies or by employees belonging to the same group as these companies within the meaning of 1° of I of…
The rule set out in article D. 214-32-13 regarding the minimum amount of assets of unit trusts does not apply to funds covered by this paragraph.
The following are considered to be liquid within the meaning of IV of Article L. 214-165-1: 1° Transferable securities which are admitted to trading on a trading platform of a State party to the Agreement on the European Economic Area or on a trading platform of a third country recognised as equivalent; 2° Shares or units in UCITS and general-purpose investment funds covered by paragraph 1 of sub-section 2 of…
I.-For the application of 2° of III of article L. 214-165-1, the appraised value of the company is determined in accordance with the following procedures: 1° When the investment instruments of a company savings plan include the possibility of investing in securities of the company which are not admitted to trading on a trading platform of a State party to the agreement on the European Economic Area or on a…
When a company carries out capital increases or sales of securities reserved for its employees, through the intermediary of the mutual fund covered by this paragraph, the subscription form is signed by the fund’s portfolio management company. The issuing company notifies the fund’s portfolio management company of the number of equity securities subscribed for or the number of securities sold. The fund’s portfolio management company informs each unitholder of the…
In the case referred to in 4° of III of article L. 214-165-1, either the issuing company, or a company in the same group within the meaning of I of the same article, undertakes to redeem these securities at the first request of the subscriber at their nominal value plus accrued interest, or an equivalent mechanism is set up to guarantee their redemption on the same terms. In addition, when…
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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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