Knowledge Base

Which European directive governs alternative investment funds?

Directive 2009/65/EC

Directive 2011/61/EU

MiFID II Directive

IDD Directive

Which body grants authorisation to portfolio management companies in France?

ACPR

ORIAS

AMF

CNCIF

What is the primary role of a financial investment adviser (CIF)?

Managing asset portfolios

Providing investment advice and receiving-transmitting orders limited to UCI units previously advised on

Safekeeping assets in segregated accounts

Monitoring the compliance of fund operations

What are the cumulative criteria for identifying a portfolio management company according to Article L. 532-9 of the Code monétaire et financier?

AMF authorisation, assets under management thresholds, organisational structure

ORIAS registration, membership of a professional association, ACPR authorisation

AIFM authorisation, LEI, SIREN number

European directives, activity programme, compliance monitoring

Three fundamental missions of a depositary

Click to see answer

French investment firms can act as depositaries for UCITS without additional conditions.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

AMF authorisation

ORIAS registration

Registered office in France

Categories:

Management companies

Distributors

Depositaries

A company managing more than €500 million without leverage with a five-year redemption lock-up must hold full AIFM authorisation.

True

False