DOC-2008-04 Application of Conduct Rules During the Marketing of UCITS or AIF Shares or Units by Portfolio Management Companies, Management Companies and Managers

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III - Service Providers
III. 1 - Investment Service Providers
III. 1.3. Conduct Rules

Doctrine
UCITS

Application of Conduct Rules During the Marketing of UCITS or AIF Shares or Units by Portfolio Management Companies, Management Companies and Managers

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Applicable as of October 23, 2018
Instruction DOC-2008-04

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Summary
This instruction sets out the conduct rules applicable to the marketing in France by a French portfolio management company, a management company established in another Member State of the European Union, or a manager established in a third country, of the shares or units of UCITS or AIFs, with a view to their subscription or redemption by an investor.

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Reference texts

Article 411-129 I of the General Regulation

Article 421-26 I of the General Regulation

Article 316-2 IV of the General Regulation

Article 321-1 III of the General Regulation
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This instruction sets out the conduct rules applicable to the marketing in France by a French portfolio management company, a management company established in another Member State of the European Union, or a manager established in a third country, of the shares or units of UCITS or AIFs, with a view to their subscription or redemption by an investor. This document has not been updated with regard to the texts transposing MiFID II and separating the legal regime of investment firms and portfolio management companies. This update will be carried out shortly.

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Reference texts

Article 411-129 I of the General Regulation

Article 421-26 I of the General Regulation

This instruction sets out the conduct rules applicable to the marketing by a Portfolio Management Company (SGP) of the shares or units of UCITS or OPCI, with a view to their subscription or redemption by an investor. Thus, depending on whether it is a UCITS or an OPCI for which it is the management company, the AMF indicates that the conduct rules to be applied when taking the order differ.

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Reference texts

Article 411-129 I of the General Regulation
Keywords

AIFM
Marketing
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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