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Book IV - Collective investment products
Title II - AIFS
Chapter III - Funds open to professional investors
Section 2 - Declared funds
Sub-section 1 - Professional specialised funds
Paragraph 1 - Formation
Article 423-21 from 26/04/2020

Article 423-21 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/423-21/20200426/notes

I. Articles 422-4, 422-5, 422-23 and 422-105 to 422-120 shall be applicable. As regards Articles 422-116, 422-117 and 422-120, the provisions relating to the authorisation and approval of the AMF shall not apply and the references to authorisation shall be replaced, where applicable, by a reference to a declaration to the AMF within the month following the final execution of the transaction.

For the purposes of its application to specialised professional funds, Point 6° of Article 422-23 shall be replaced by the following Point 6°:

6° Apply different management strategies, as defined in the prospectus.

II. - Furthermore, for SLPs:

  1. When applying Article 422-4, references to « shareholders » shall be replaced by references to « general partners » and references to « first directors and members of the executive board or supervisory board » are replaced by references to the « managers »;

  2. When applying Articles 422-4 and 422-5, references to the « SICAV » are replaced by references to the « SLP ».