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Article R214-31 of the French Monetary and Financial Code

The investment of a UCITS in another UCITS governed by French or foreign law may not exceed the limit set in article R. 214-24 unless it has been authorised by the Autorité des marchés financiers to be constituted as a feeder UCITS.

Original in French 🇫🇷
Article R214-31

L’investissement d’un OPCVM dans un autre OPCVM de droit français ou étranger ne peut dépasser la limite fixée à l’article R. 214-24 que s’il a été autorisé par l’Autorité des marchés financiers à se constituer sous forme d’ OPCVM nourricier.

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