Article 323-39 into force since 14 August 2013

The depositary checks notably the existence and application, within the asset management company, of appropriate and consistent procedures to verify:

1. The maximum number of unit or shareholders for AIFs limited to twenty holders at most;

2. Dissemination by the asset management company of regulatory disclosures to the unit or shareholders of the AIF;

3. The criteria relating to the eligibility of the subscribers and purchasers, if the depositary does not verify their eligibility.

The depositary also ensures compliance with the procedures for sharing information with the asset management company stipulated in the agreement referred to in Article 323-30.