Article 422-192 into force since
- Version into force since
I. – SCPI, SEF or GFI may not make any offer to the public unless it has:
Drafted an offering document authorised by the AMF;
Issued a subscription form.
II. - Furthermore, the initial offer to the public shall be subject to the following:
The subscription and paying up of the original capital by the founders;
The authorisation of the management company;
Acceptance of the external real estate valuation expert presented or the forest appraisers presented;
Approval of the bank guarantee mentioned in Article 422-190.
III. - The provisions of this article do not apply when the SCPI, SEF or GFI makes an offer of its shares to the public, as mentioned in point 1° of Article L. 411-2 of the Monetary and Financial Code.
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