What is the minimum threshold of assets under management to benefit from the AIFM passport without leverage?
50 million euros
100 million euros
500 million euros
1 billion euros
What is the fundamental condition for obtaining authorisation as a portfolio management company under Article L. 532-9 of the Code monétaire et financier?
Having a registered office abroad
Having a minimum capital of 100,000 euros
Obtaining mandatory prior authorisation
Engaging exclusively in discretionary management activities
The risk management function must always be hierarchically and functionally separated from operational units, without exception.
True
False
The minimum capital required for a portfolio management company is 125,000 euros, fully paid up in cash.
True
False
Four-eyes rule
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For how long are redemptions locked for a company benefiting from the AIFM passport?
One year
Three years
Five years
Ten years
Categorize items by dragging them to the appropriate zones
Items to categorize:
Chinese walls
Separate oversight
Elimination of direct links between remuneration
Categories:
Organisational measures to prevent conflicts of interest
Internal control procedures
Remuneration policy
According to Article L. 532-9, paragraph II, what is the first condition that the AMF verifies before granting authorisation?
Transparency of shareholding
Quality of directors
Location of the registered office and effective management in France