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Book IV - Collective investment products
Title II - AIFS
Chapter II - Funds open to retail investors
Section 4 - Real estate investment companies and forestry investment companies
Paragraph 1 - General regime
Sub-paragraph 2 - Public offering
Article 422-192 from 22/02/2019 to 21/11/2019

Article 422-192 into force from to

  • Version into force from to
ELI : /en/eli/fr/aai/amf/rg/article/422-192/20190222/notes

I. - SCPI, SEF or GF) may not make any public offering unless it has:

  1. Drafted an offering document authorised by AMF;

  2. Issued a subscription form.

II. - Furthermore, the initial public offering shall be subject to the following:

  1. The subscription and paying up of the original capital by the founders;

  2. The approval of the management company;

  3. Acceptance of the external real estate valuation expert presented or the forest appraisers presented;

  4. Approval of the bank guarantee mentioned in Article 422-190.