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Book IV - Collective investment products
Title I - Undertakings for Collective Investment in Transferable Securities (UCITS)
Chapter unique - Undertakings for collective investment in transferable securities (UCITS)
Section 4 - Calculating global exposure
Paragraph 1 - Measuring the global exposure of CIS to financial derivative instruments
Sub-paragraph 5 - Entry into force
Article 411-81 from 21/10/2011

Article 411-81 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/411-81/20111021/notes

By way of derogation to the provisions of Article 411-72, if they meet the criteria of 1° of I of Article R. 214-28 of the Monetary and Financial Code as well as the criteria of 1° to 3° of I of Article 411-80, structured funds already in existence at the date on which Decree 2011-922 of 1 August 2011 enters into force may calculate their global exposure as the value of the maximum loss on the date that trades in derivatives were entered into, provided that the fund formula does not change.