Regulatory AlertsInstruction DOC-2019-04: Real Estate Investment Trusts, Forest Savings Companies, and Forest Investment Groups
The French Financial Markets Authority (AMF) issued Instruction DOC-2019-04 to clarify the procedures for obtaining visa approval for public offerings of shares in Real Estate Investment Trusts (SCPI), Forest Savings Companies (SEF), and Forest Investment Groups (GFI). The instruction details requirements for share transfers on the order register, mandatory information disclosures to shareholders and the regulator, the role of real estate or forest experts, and regulations governing mergers. These guidelines implement Articles 422-189 to 422-249-5 of the AMF General Regulation to ensure transparency and compliance in collective investment products.
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