Regulatory AlertsDOC-2011-20 Approval Procedures, Establishment of a Key Information Document (KID) and/or, where applicable, a Key Investor Information Document (KIID) and Prospectus, and Periodic Information for General Purpose Investment Funds, Alternative Fund of Funds, and General Purpose Professional Funds
The French Autorité des Marchés Financiers (AMF) issued Instruction DOC-2011-20 to detail the regulatory rules governing the approval procedures, documentation, and periodic reporting for general purpose investment funds, alternative fund of funds, and general purpose professional funds. The instruction specifies requirements for creating Key Information Documents (KID) or Key Investor Information Documents (KIID), drafting prospectuses, and managing fund mutations or changes during their lifecycle. It further outlines the specific obligations for informing investors and the AMF regarding these collective investment schemes.
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