DOC-2011-21 Approval Procedures, Establishment of a DIC and/or DICI and Prospectus, and Periodic Information for Employee Savings Funds

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II - Investment Products II. 1 - Collective Investments II. 1.3. Specific Provisions for FIA II. 1.3.4. Specific Provisions for Employee Savings Funds

Doctrine Employee Savings

Approval procedures, establishment of a DIC and/or, where applicable, a DICI and a prospectus, and periodic information for employee savings funds

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Applicable from December 18, 2025 Instruction DOC-2011-21

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Summary Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key information document (DIC) and/or, where applicable, a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

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Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XIV of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions - forms and declarations

REGULATION (EU) No 583/2010

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Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key information document (DIC) and/or, where applicable, a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XIV of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions - forms and declarations

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key information document (DIC) and/or, where applicable, a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XIV of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key information document (DIC) and/or, where applicable, a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XIV of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key information document (DIC) and/or, where applicable, a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key information document (DIC) and/or, where applicable, a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the General Regulation

Annexes I to XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the General Regulation

Annexes I to XV and XVII of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the General Regulation

Annexes I to XV and XVII of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Report on compensation and cases of non-compliance with investment restrictions

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the General Regulation

Annexes I to XV and XVII of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV and XVII of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

REGULATION (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV and XVII of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV and XVII of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV of instruction AMF DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF. This document has not been updated with regard to the texts transposing MIF 2 and separating the legal regime of investment firms and portfolio management companies. This update will be carried out shortly.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV of instruction DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV of instruction AMF DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV of instruction AMF DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction AMF DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the AMF General Regulation

Annexes I to XV of instruction AMF DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction AMF DOC-2011-21

Regulation (EU) No 583/2010

Instruction DOC-2011-21 details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the General Regulation

Annexes I to XV of instruction AMF DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction AMF DOC-2011-21

European Regulation 583/2010

This instruction details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 424-1 and following of the General Regulation

Annexes I to XV of instruction AMF DOC-2011-21

Collection of annual situations of employee savings funds: annex XVI of instruction AMF DOC-2011-21

European Regulation 583/2010

This instruction details the rules applicable to employee savings funds (FCPE or SICAVAS) regarding the approval procedure, the establishment of a key investor information document (DICI) and a prospectus, and periodic information. Clarifications are provided in particular on the creation, modifications of an employee savings fund during its life (mutations/changes), and the methods for informing subscribers and the AMF.

Download the doctrine

Download the full preview of the doctrine

Reference texts

Articles 412-118 and following of the General Regulation

European Regulation 583/2010

Download the doctrine

Download the full preview of the doctrine

Finalization of the transposition of the UCITS IV directive: publication of AMF instructions

Keywords

Prospectus

Collective Investments

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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