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Book IV - Collective investment products
Title II - AIFS
Chapter I - General provisions
Section 1 - Procedure for marketing and pre-marketing of AIFs
Sub-section 1 - Marketing procedure in France
Paragraph 1 - Procedure for marketing AIFs with a passport to professional investors in France
Sub-paragraph 1 - Procedure for marketing EU AIFs managed by an asset management company
Article 421-2 from 21/12/2013

Article 421-2 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/421-2/20131221/notes

Within 20 working days following receipt of a complete notification file pursuant to I of Article L. 214-24-1 of the Monetary and Financial Code, the AMF shall inform the asset management company whether it may start marketing the AIF identified in the notification. The AMF shall oppose the marketing of the AIF only if the asset management company's management of the AIF does not or will not comply with the legislative and regulatory provisions applicable to asset management companies or with Books II and V of the Monetary and Financial Code. In the case of a positive decision, the asset management company may start marketing the AIF in France from the date of the AMF notification to that effect.

Where the competent authorities of the AIF and the asset management company are different, the AMF shall also inform the competent authorities of the AIF that the asset management company may start marketing units or shares of the AIF in France.