A THOROUGH UNDERSTANDING OF PRIVATE EQUITY

RETOUR SOMMAIRE

A CACEIS PRODUCT DEVELOPMENT PUBLICATION - 2010

APPENDICE

• FIP vehicles > Article L214-41-1 of the Financial and Monetary Code

> Articles 414-1 to 414-13 of the General Regulation of the Autorité des Marchés Financiers (AMF), Book IV – Collective Investment products, Title 1 – Collective Investment Schemes, Chapter IV – Venture Capital Funds (Fonds Communs de Placement à Risques), Section I > AMF instruction N o. 2009-05 of 4 June 2009 relating to the full prospectus of authorised FCPR > AMF instruction N o. 2009-03 of 2 April 2009 relating to authorisation procedures and share- holder information

Link to detailed legal texts: http://www.amf-france.org

I reland

• QIF vehicles > Non-UCITS regulatory regime: - Non-UCITS investment companies: Part XIII of the Companies Act, 1990 - Non-UCITS unit trusts: Unit Trusts Act, 1990

- Investment Limited Partnerships (non-UCITS): Investment Limited Partnership Act, 1994 - Non-UCITS common contractual funds: Investment funds, companies and miscellaneous provisions act, 2005 > The rules governing QIFs are set out in the Financial Regulator’s Non-UCITS Notice N o. 24 Link to detailed legal texts: http://www.financialregulator.ie

• LP > Limited Partnerships Act, 1907

L uxembourg

• UCI Part II vehicles > Part II of the Law of December 20, 2002 on Undertakings for Collective Investment > CSSF Circular 02/77 on the protection of investors in case of NAV calculation error or breach of investment rules > IML Circular 97/136 on financial information to be provided by public funds > IML Circular 91/75 clarifying certain aspects of the UCI legislative framework (Chapter I lays down specific rules applying to Part II funds investing in Private Equity and venture capital) • SIF vehicles > Law of February 13, 2007 on Specialised Investment Funds (SIF Law) > CSSF Circular 07/283: entry into force of the law of February 13, 2007 relating to SIFs > CSSF Circular 07/310 regarding financial information to be provided by SIFs > CSSF Circular 07/309 concerning risk diversification requirements applicable to SIFs • SICAR vehicles > Law of June 15, 2004 on SICAR, amended by the Law of October 15, 2008 (SICAR Law mod- ernisation) > CSSF Circular 06/272 on technical specifications regarding the communication to the CSSF, under the law on prospectuses for securities, of documents for approval or for filing and of notices for offers to the public of securities issued by SICARs and admissions of securities issued by SICARs to trade on a regulated market > CSSF Circular 06/241 on the concept of risk capital in SICARs

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