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Book IV - Collective investment products
Title II - AIFS
Chapter II - Funds open to retail investors
Section 3 - Real estate collective investment undertakings
Article 422-155 from 21/12/2013

Article 422-155 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/422-155/20131221/notes

The supervisory board shall meet at least twice per financial period, convened by its chairman or following any request with supporting grounds by at least one third of its members.

The first meeting of the supervisory board following the establishment of the real estate collective investment undertakings shall be held no later than twelve months after approval of the real estate collective investment undertaking.

The supervisory board's resolutions shall be valid only if at least one half of its members are present.

The chairman shall establish the agenda of the session; this may be supplemented at the request of any member, no later than the day prior to the meeting.

Supervisory board members' attendance shall be noted in a dedicated register. Resolutions passed by the supervisory board shall be recorded in minutes.