Article 422-230 into force since
- Version into force since
Management companies for companies specified in Article 422-218 shall determine a redemption price.
No redemption offset by a subscription may be completed at a price in excess of the subscription price, less the subscription fee.
If the redemption is not offset, redemption may not be made at a price in excess of the market value or less than 10 per cent less than the latter, except where permitted by AMF.
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