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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II - Investment Products II. 1 - Collective Investments II. 1.3. Specific Provisions for AIFs II. 1.3.2. Specific Provisions for Funds Open to Non-Professional Investors
Doctrine UCITS
DOC-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
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Applicable as of December 18, 2025 Instruction DOC-2011-20
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Summary Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Information Document (KID) and/or, where applicable, a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
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Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-21-1, 422-21-3, 422-250, 422-253, 423-1, and 423-9-1 of the General Regulation
Annexes I to XV of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions - forms and declarations
REGULATION (EU) No 583/2010
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Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Information Document (KID) and/or, where applicable, a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-21-1, 422-21-3, 422-250, 422-253, and 423-1 and 423-9-1 of the General Regulation
Annexes I to XV of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions - forms and declarations
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Information Document (KID) and/or, where applicable, a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-21-1, 422-21-3, 422-250, 422-253, and 423-1 and 423-9-1 of the General Regulation
Annexes I to XV of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Information Document (KID) and/or, where applicable, a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-21-1, 422-21-3, 422-250, 422-253, and 423-1 and 423-9-1 of the General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-21-1, 422-21-3, 422-250, 422-253, and 423-1 and 423-9-1 of the General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 421-38, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Report on compensation and cases of non-compliance with investment restrictions
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
REGULATION (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVIII of AMF Instruction DOC-2011-20
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Annexes I to XVII of AMF Instruction DOC-2011-20
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF. This document has not been updated with regard to the texts transposing MiFID II and separating the legal regime of investment firms and portfolio management companies. This update will be carried out shortly.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
Articles 421-1, 421-13, 421-33, 421-34, 422-7, 422-11, 422-16, 422-17, 422-250, and 423-1 of the AMF General Regulation
Regulation (EU) No 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
European Regulation 583/2010
Instruction DOC-2011-20 details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
European Regulation 583/2010
This instruction details the rules applicable to general purpose investment funds, alternative fund of funds, and general purpose professional funds regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of these funds during their life (mutations/changes), and the methods for informing investors and the AMF.
Download the doctrine Reference Texts
European Regulation 583/2010
This instruction details the rules applicable to non-coordinated UCITS regarding the approval procedure, the establishment of a Key Investor Information Document (KIID) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of a non-coordinated UCITS during its life (mutations/changes), and the methods for informing investors and the AMF.
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Approval Application Form for the Constitution of a UCITS or a Compartment of a Non-Coordinated UCITS of French Law (Standard Procedure)
Approval Application Form for the Constitution of a UCITS or a Compartment of a Non-Coordinated UCITS of French Law (Analogy Procedure)
Approval Form for Mutation of a Non-Coordinated UCITS of French Law
Declaration Form for a Spin-Off in Application of Articles L.214-7-4 and L.214-8-7 of the Monetary and Financial Code
European Regulation 583/2010
Keywords
Collective Investments
AIFM
Prospectus
Legal Notices: Publisher: The Director of the Communication Department of the AMF. Contact: Communication Department, Autorité des Marchés Financiers - 17, place de la Bourse - 75082 Paris Cedex 02