The AMF has issued a position and an instruction dated 30 June 2014 clarifying the rules for marketing AIFs (alternative investment funds) and UCITS (undertakings for the collective investment of transferable securities) that derive from Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 (the AIFM Directive), as transposed into French law in Order 2013-676 of 25 July 2013 and decree 2013-687 of 25 July 2013.
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