Article 422-120 into force since
- Version into force since
Liquidation of a master UCITS or AIF shall entail that of the feeder retail investment fund unless, prior to closing of liquidation, the latter has invested in another master UCITS or AIF or becomes a non-feeder UCITS or AIF.
Any such transaction shall be subject to the prior approval of AMF pursuant to the terms set forth in Article 411-104.
Feeder retail investment fundholders shall benefit from the same information and the same protection as that specified for retail investment fundholders in the event of liquidation and, more generally, that offered to master UCITS or AIF holders.
The procedures to be followed in the event of liquidation of a master UCITS or AIF shall be specified in an AMF instruction.
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