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.
Printed from a page of the AMF website
Please disable your ad blocker to view this video.
II - Investment Products II. 1 - Collective Investments II. 1.3. Specific Provisions for AIFs II. 1.3.3. Specific Provisions for Funds Open to Professional Investors
Doctrine UCITS
Deadline for Calculating Net Asset Values of Alternative Fund of Funds and General Professional Funds
Share by email
Applicable as of February 16, 2023 Position DOC-2006-18
Download Viewed Version
Summary Position DOC-2006-18 clarifies the deadline for calculating the net asset values of general professional funds and alternative fund of funds. The provisions allowing for the definition of a maximum limit between the date of order centralization and the date of settlement (or delivery) of shares or units by the depositary-keeper of general professional funds or alternative fund of funds are thus recalled.
Download the doctrine Reference texts
Article 422-251 of the General Regulation
Article 423-7 of the General Regulation
Archives
Position DOC-2006-18 clarifies the deadline for calculating the net asset values of general professional funds and alternative fund of funds. The provisions allowing for the definition of a maximum limit between the date of order centralization and the date of settlement (or delivery) of shares or units by the depositary-keeper of general professional funds or alternative fund of funds are thus recalled.
Download the doctrine Reference texts
Article 422-251 of the General Regulation
Article 423-7 of the General Regulation
This position clarifies the deadline for calculating the net asset values of UCITS with relaxed investment rules (ARIA) and UCITS of alternative funds. The provisions allowing for the definition of a maximum limit between the date of order centralization and the date of settlement (or delivery) of shares or units by the depositary of ARIA UCITS or UCITS of alternative funds are thus recalled.
Download the doctrine Reference texts
Article 422-250 of the General Regulation
Article 412-61 of the General Regulation
Legal notices: Publisher: The Director of the Communication Department of the AMF. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02