Regulatory AlertsDOC-2011-22 Approval Procedures, Establishment of a DIC and/or DICI and a Rulebook, and Periodic Information for Private Equity Funds
The French Autorité des Marchés Financiers (AMF) issued Instruction DOC-2011-22 to detail the regulatory framework for approved private equity funds (FCPR, FCPI, and FIP). The instruction specifies the procedures for fund approval, the mandatory establishment of Key Information Documents (DIC/DICI) and Rulebooks, and the requirements for periodic investor information. It further clarifies the processes for creating funds, managing mid-life modifications, and communicating with both investors and the regulator.
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