France is a leading European market of € 4 trillion: € 1,9 trillion invested in collective schemes and € 2.1 trillion invested in discretionary mandates.
+33
FundGlobam marketID
France
(FR)
French Republic
République Française
€ 2,231 billion
Asset under management
in funds domiciled in France
+33
Population: 66,892,205 Capital City: Paris Official language(s): French Currency: Euro
Asset allocation
domestic funds, excluding funds of funds
- Equity 18%
- Bond 13%
- Multi-assets 17%
- Money Market 17%
- Guaranteed/Protected 1%
- Real Estate 10%
- Other 24%
Fund domiciles
of funds distributed in France
Market approach to cross-border marketing in France
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
Regimes
UCITS
Public offer
AIF
Public offer
- EU AIF only
AIF
Professional offer
Investors
UCITS
Public offer
Retail, Professional
AIF
Public offer
Retail, Professional
AIF
Professional offer
Professional only
Marketing
Direct
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
Indirect
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
Internet
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
No
Local Representative Agent(s) ("LRA")
LRA requirements
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
No
Disclosure
Fund documentation
UCITS
Public offer
Prospectus, KIIDs, Annual/Semi-annual reports, Articles of incorporation (fund rules)
AIF
Public offer
Prospectus, KIIDs, Annual/Semi-annual reports
AIF
Professional offer
Prospectus/PPM, Annual reports
NAV
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
No
Legal Announcement
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
No
Website
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
No
Language(s)
UCITS
Public offer
French or English. KIIDs in French only
AIF
Public offer
French or English. KIIDs in French only
AIF
Professional offer
French, English
Registration
Registration procedure
UCITS
Public offer
UCITS passport
AIF
Public offer
AIF domestic autorisation
AIF
Professional offer
AIF/AIFM passport
Start marketing
UCITS
Public offer
10 days from notification
AIF
Public offer
AIF
Professional offer
20 days from notification
Changes
Change procedure
UCITS
Public offer
UCITS notice
AIF
Public offer
AIF notice
AIF
Professional offer
AIF notice
Investor communication
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
Cost approach to cross-border marketing in France
UCITS
Public offer
AIF
Public offer
AIF
Professional offer
Cost table summary
DMCI/Cost Indicator 1
UCITS
Public offer
High
AIF
Public offer
High
AIF
Professional offer
Low+
Main costs
UCITS
Public offer
LRA, Regualtory fees, Translation, Promotion, Sales force
AIF
Public offer
LRA, Regualtory fees, Translation, Promotion, Sales force
AIF
Professional offer
Sales force
1 FundGlobam Distribution Market Cost Indicator ("DMCI")
Regulatory fees
Registration fee
UCITS
Public offer
€2,000 per UCITS and €2,000 per sub-fund
AIF
Public offer
€2000 per AIF and €2000 per sub-fund
AIF
Professional offer
€2000 per fund and €2000 per sub-fund
Annual fee (fixed)
UCITS
Public offer
€2,000 per UCITS and €2,000 per sub-fund
AIF
Public offer
€2000 per UCITS and €2000 per sub-fund
AIF
Professional offer
€2000 per UCITS and €2000 per sub-fund
Annual fee (variable)
UCITS
Public offer
No
AIF
Public offer
No
AIF
Professional offer
N/A
Other fee
UCITS
Public offer
No
AIF
Public offer
No
AIF
Professional offer
No
Eligibility
UCITS
Public offer
Any foreign UCITS registered on 1 January
AIF
Public offer
Any EU AIF registered on 1 January
AIF
Professional offer
Any AIF registered on 1 January
Due date
UCITS
Public offer
30 April of each year
AIF
Public offer
30 April of each year
AIF
Professional offer
30 April of each year
Revision
UCITS
Public offer
On regulatory change only
AIF
Public offer
On regulatory change only
AIF
Professional offer
On regulatory change only
Regulator & Association
Competent Authority:
AMF - Autorité des Marchés Financiers
Fund association:
AFG - Association Française de la Gestion Financière
Disclaimer
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