Instruction DOC-2019-04: Real Estate Investment Trusts, Forest Savings Companies, and Forest Investment Groups

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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
AIFM

Real Estate Investment Trusts, Forest Savings Companies and Forest Investment Groups

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Applicable from November 27, 2025
Instruction DOC-2019-04

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Instruction DOC-2019-04 provides clarification on the procedures for applying for a visa for the public offering of shares in SCPIs, SEFs, and GFIs, the transfer of shares on the order register, the information to be provided to partners and the AMF, the real estate or forest expert, as well as mergers.

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Reference texts

Articles 422-189 to 422-249-5 of the AMF General Regulation

AMF Instruction DOC-2019-04 - Annexes I, I bis, I ter, II, III, IV, V and VI Archives

Instruction DOC-2019-04 provides clarification on the procedures for applying for a visa for the public offering of shares in SCPIs, SEFs, and GFIs, the transfer of shares on the order register, the information to be provided to partners and the AMF, the real estate or forest expert, as well as mergers.

Download the doctrine

Download the full overview of the doctrine
Reference texts

Articles 422-189 to 422-249-5 of the General Regulation

AMF Instruction DOC-2019-04 - Annexes I, I bis, I ter, II, III, IV, V and VI

Instruction DOC-2019-04 provides clarification on the procedures for applying for a visa for the public offering of shares in SCPIs, SEFs, and GFIs, the transfer of shares on the order register, the information to be provided to partners and the AMF, the real estate or forest expert, as well as mergers.

Download the doctrine

Download the full overview of the doctrine
Reference texts

Articles 422-189 to 422-249-5 of the General Regulation

AMF Instruction DOC-2019-04 - Annexes I, I bis, I ter, II, III, IV, V and VI

Instruction DOC-2019-04 provides clarification on the procedures for applying for a visa for the public offering of shares in SCPIs, SEFs, and GFIs, the transfer of shares on the order register, the information to be provided to partners and the AMF, the real estate or forest expert, as well as mergers.

Download the doctrine

Download the full overview of the doctrine
Reference texts

Articles 422-189 to 422-249-5 of the General Regulation

AMF Instruction DOC-2019-04 - Annexes I, I bis, I ter, II, III, IV and V

Instruction DOC-2019-04 provides clarification on the procedures for applying for a visa for the public offering of shares in SCPIs, SEFs, and GFIs, the transfer of shares on the order register, the information to be provided to partners and the AMF, the real estate or forest expert, as well as mergers.

Download the doctrine

Download the full overview of the doctrine
Reference texts

Articles 422-189 to 422-249-5 of the General Regulation

AMF Instruction DOC-2019-04 - Annexes I, I bis, I ter, II, III, IV and V Keywords

Collective Investments
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Publisher: The Director of the AMF Communication Department. Contact: Communication Department, Financial Markets Authority - 17, place de la Bourse - 75082 Paris Cedex 02