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Showing 9281–9290 of 63908 articles for “Art. I-1°”
The fund is represented vis-à-vis third parties by the company responsible for its management. This company may take legal action to defend or assert the rights or interests of unitholders.
Creditors whose title arises from the safekeeping or management of the assets of a UCITS may take action only against those assets. Creditors of the depositary or third party to whom custody of the as…
Notwithstanding the provisions of Titles II and III of Book II and Title II of Book VIII of the French Commercial Code, the following provisions apply to SICAVs: 1° Shares must be fully paid up as soo…
The minimum amount of assets that the fund must hold when it is set up is set by decree.These assets are valued, in the light of a report drawn up by the auditor, under conditions set by decree. Any c…
Unitholders are liable for the debts of the co-ownership only up to the amount of the fund's assets and in proportion to their share.
I. - A UCITS may have one or more sub-funds if its articles of association or fund rules so provide. Each sub-fund gives rise to the issue of a class of units or shares representing the assets of the…
Subject to the provisions of article L. 214-8-7, a fonds commun de placement, which does not have legal personality, is a co-ownership of financial instruments and deposits, the units of which are iss…
The SICAV is a public limited company (société anonyme) or a simplified joint stock company (société par actions simplifiée) whose sole purpose is to manage a portfolio of financial instruments and de…
The fund manager, the board of directors or the management board of the management company appoints the fund's auditor for a period of six financial years, after obtaining the approval of the Autorité…
The redemption by the fund of its units and the issue of new units may be temporarily suspended by the management company when exceptional circumstances so require and if the interests of the unithold…
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