French Monetary and Financial Code
In forceI. - A portfolio management company with its registered office in mainland France, the French overseas departments, the Department of Mayotte and Saint-Martin wishing to manage a UCITS established in another Member State of the European Union or party to the Agreement on the European Economic Area and authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 shall submit an application to the competent authorities of the UCITS home Member State, providing these authorities with the documents required pursuant to Article 17 of this Directive.
II. - When the competent authorities of the UCITS home Member State request the Autorité des marchés financiers to provide clarification and information concerning the documents mentioned in I, and to verify, on the basis of the attestation that the portfolio management company has been authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009, whether or not the type of UCITS for which authorisation is sought falls within the scope of the authorisation granted to the portfolio management company, the AMF shall issue its opinion within ten working days of the initial application.
