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Book III - Service providers
Title I bis - Asset management companies of AIFs
Chapter II - Authorisation requirements for aif asset management companies and for acquiring or increasing an equity interest in an aif asset management company
Section 1 - Authorisation requirements
Article 317-5 from 14/08/2013

Article 317-5 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/317-5/20130814/notes

The asset management company shall be effectively directed by at least two persons of sufficiently good repute and sufficient experience for their duties, so as to ensure sound and prudent management.

The directors must, among other things, be sufficiently experienced as regards the investment strategies pursued by the AIFs managed by the asset management company.

At least one of these two persons must be a company officer with the power to represent the company in its dealings with third parties.

The other person may be the chairman of the board of directors or a person specifically empowered by the company's governing bodies or instruments of incorporation to direct the company and determine its policies.