Knowledge Base

Which European directive defines the characteristics of a UCITS?

Directive 2011/61/EU (AIFM)

Directive 2009/65/EC (UCITS)

Directive 2014/65/EU (MiFID II)

Directive 2007/36/EC (shareholders' rights)

Which document allows systematic verification of a fund's status as a UCITS in France?

The fund prospectus

The Key Investor Information Document (KIID)

The register of authorised UCIs maintained by the AMF

The fund's ISIN code

What is the exclusive legal form of UCITS in France according to Article L214-4 of the Code monétaire et financier?

SICAV only

FCP only

SICAV and FCP

SICAV, FCP and OPCI

What is a distinguishing criterion of AIFs compared to UCITS?

Management by an authorised professional

The ability to invest in assets not eligible for UCITS

The ability to subscribe or redeem units at any time

Compliance with the UCITS directive

UCITS under the UCITS directive

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An ISIN code can be used to systematically identify a collective investment instrument.

True

False

An AIF can be marketed without restriction to the general public.

True

False