AMF issues Instruction 2011-19 (procedures, KIID, UCITS)

07 November 2012

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:

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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