French Monetary and Financial CodeIn force
Sub-paragraph 2: Operating rules.
Article D214-32-10
The initial capital of a SICAV may not be less than €300,000.
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Showing 2011–2020 of 66871 articles for “Art. s. 1591 and 1592 · Cass. com. 3 May 1977”
The initial capital of a SICAV may not be less than €300,000.
A general-purpose investment fund may enter into financial contracts meeting the characteristics of credit derivatives which satisfy the following criteria:1° They make it possible to transfer the cre…
The minimum amount of assets that mutual funds must hold when they are set up is €300,000.
I. - A general purpose investment fund may not grant loans or act as guarantor on behalf of third parties. It may, however, acquire financial instruments referred to in article L. 214-24-55 which are…
…nto account the current value of the underlying assets, the counterparty risk, future market trends and the time available to liquidate positions.For feeder general-purpose investment funds, this calc…
I. - A general purpose investment fund may not invest more than : 1° 5% of its assets in eligible financial securities or money market instruments issued by the same issuer ; 2° 20% of its assets in e…
…sets whose disposal would not be in the interests of the shareholders pursuant to Article L. 214-24-33, and the new SICAV have the same portfolio management company, the same custodian and the same au…
I. - The eligible financial securities and money market instruments referred to in I of article L. 214-24-55 are :1° Either eligible financial securities and money market instruments admitted to tradi…
For the application of 2° of article L. 214-24-23, articles D. 214-32-7-5 to D. 214-32-7-7 and articles D. 214-32-7-13 to D. 214-32-7-15 are applicable to the AIF or its management company.
…° of I of article L. 214-24-55 are deposits made with a credit institution that are repayable on demand or can be withdrawn and have a maturity of twelve months or less, provided that the credit insti…
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