Regulatory AlertsDOC-2005-14 Q&A on Specialized Professional Funds
The French Autorité des Marchés Financiers (AMF) issued this document to clarify regulatory provisions governing the management of specialized professional funds (FIA). It explicitly permits these funds to invest in vehicles that do not meet standard UCITS criteria and to enter into futures contracts with underlying assets such as non-commercialized funds or climate derivatives. The text notes that the guidance has not yet been updated to reflect MIFID II transposition and the resulting separation of investment firm and portfolio management company regimes.
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