Regulatory AlertsDOC-2011-21 Approval Procedures, Establishment of a DIC and/or DICI and Prospectus, and Periodic Information for Employee Savings Funds
The French Autorité des Marchés Financiers (AMF) issued Instruction DOC-2011-21 to detail the regulatory rules governing employee savings funds (FCPE and SICAVAS). The instruction specifies the approval procedures, the requirements for establishing Key Information Documents (DIC/DICI) and prospectuses, and the obligations for periodic information disclosure. It further provides precise guidelines on the creation of these funds, modifications during their lifecycle, and the methods for informing subscribers and the regulator.
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