Article 411-115 into force since
- Version into force since
The prospectus shall define the valuation rules for each category of financial instruments, deposits, securities and contracts. Between one calculation of the net asset value and the next, a CIS may determine and publish an indicative net asset value
called "estimated value". The prospectus shall stipulate the conditions for publishing this value and warn investors that the value may not be used as a basis for subscriptions or redemptions.
Any publication of an estimated value shall include this warning.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02