Regulatory AlertsDOC-2006-18 Deadline for Calculating Net Asset Values of Alternative Fund of Funds and General Professional Funds
The French Autorité des Marchés Financiers (AMF) issued Position DOC-2006-18 to clarify the deadline for calculating net asset values for general professional funds and alternative fund of funds. The document recalls regulatory provisions that define the maximum allowable time limit between the centralization of orders and the settlement or delivery of shares by the depositary. This guidance ensures compliance with Articles 422-251 and 423-7 of the General Regulation.
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