Article 411-8 into force since
- Version into force since
The management company or the SICAV, where applicable, shall send the AMF the deposit certificate for the initial capital of SICAV immediately after the funds are deposited and within one hundred eighty business days at the latest after the SICAV is authorised.
For SICAVs that are umbrella funds, this certificate shall be sent to the AMF within:
One hundred eighty business days of the date of authorisation of the SICAV for at least one of the sub-funds; and
Three hundred sixty business days of the date of notification of the authorisation for the other sub-funds if they exist.
The deposit certificate shall name the sub-fund(s) that it covers.
If the AMF does not receive the certificate within these time periods, it declares the authorisation null and void under the conditions set out in an AMF Instruction.
Where warranted by special circumstances, the SICAV may make a reasoned request for an extension of the deadline for depositing the funds, which shall reach the AMF before the date on which the authorisation is to be declared null and void, and mention the requested deadline. The AMF will notify the SICAV or the management company of its decision within eight worked days of receiving the request.
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