The Autorité des Marchés Financiers issued its Instruction 2011-19 detailing authorisation procedures, preparation of a KIID and a prospectus, and reporting for French and foreign UCITS marketed in France.
The following chapters are contained in the Instruction:
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Chapter I - Procedures
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Chapter II - Preparing a key investor information document
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Chapter III - Foreign UCITS seeking to market units or shares in France
The creation of a UCITS or a UCITS sub-fund requires AMF authorisation; the fund or sub-fund cannot be marketed until such authorisation has been obtained.
Unitholder or shareholder notifications
Whenever management companies give unitholders and shareholders of a UCITS notifications for the purposes of this Instruction, the management company shall provide a copy of the notification to the AMF through the GECO database. When notification is given after the fact, the management company uses only the GECO database to enter the nature of the notification disseminated, the medium used and the place where the information is available.
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