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Book III - Service providers
Title I ter - Asset management companies of UCITS
Chapter II - Authorisation requirements for asset management companies and for acquiring or increasing an equity interest in an asset management company
Section 1 - Authorisation requirements
Article 321-13 from 03/01/2018

Article 321-13 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/321-13/20180103/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.

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 bylaws to direct the company and determine its policies.