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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 27/12/2025

Article 423-21 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/423-21/20251227/notes

I. Articles 422-4, 422-5 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 references to authorisation shall, where applicable, be replaced by a reference to a declaration to the AMF within one month following the final completion of the transaction.

II. – Furthermore, for SLPs:

  1. For the purposes of applying Article 422-4, references to “shareholders” shall be replaced by references to “general partners” and references to “members of the board of directors or the management board and supervisory board” shall be replaced by references to “managers”;

  2. For the purposes of applying Articles 422-4 and 422-5, references to the “SICAV” shall be replaced by references to the “SLP”.