Article 422-134 into force since
- Version into force since
The redemption of holder units specified in Article L. 214-45 of the Monetary and Financial Code may be suspended if the real estate collective investment undertaking articles of association or regulations provide for this and the redemption request exceeds 2 per cent of the number of real estate collective investment undertaking shares or units. In this case, the real estate collective investment undertaking prospectus shall specify:
The objective conditions constituting grounds for not executing the holder's redemption requests;
The possibility of asset management companies staggering performance of the redemption request and all related conditions.
How the holder is to be informed.
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