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Book IV - Collective investment products
Title II - AIFS
Chapter II - Funds open to retail investors
Section 1 - Retail investment funds
Article 422-2 from 21/12/2013

Article 422-2 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/422-2/20131221/notes

For the purposes of applying this Section:

  1. The term "AIF" designates either an open-ended investment company (société d'investissement à capital variable - SICAV) or a common fund (fonds commun de placement - FCP);

  2. The term "holder" designates the holder of units in an FCP or shares in a SICAV;

  3. Where SICAVs do not delegate the overall management of their portfolio as stipulated in Article L. 214-24-29 of the Monetary and Financial Code, they shall meet all the conditions applying to management companies and discharge the obligations applying to such companies;

  4. References to "members of the board of directors or the executive board of the SICAV" shall be understood to include, where applicable, the chairman of a simplified joint-stock company or the senior managers designated by the articles of association to carry out the duties of the board of directors in accordance with Article L. 227-1 of the Commercial Code.