Announcement via the Internet: LA FRANCAISE SUB DEBT mutual fund EN > UAE

28 December 2021

This content is for professional investors only as defined by the MiFID.

We would like to inform you that the management company La Française Asset Management has decided to make some amendments to the regulatory documentation of the fund La Française Sub Debt concerning temporary acquisitions and transfer of securities, the related guarantees as well as the remuneration generated by these transactions.

In addition, in order to comply with Regulation (EU) 2020/852 known as “Taxonomy”, the management company has decided to amend the prospectus of the mutual fund.

  • Modifications concerning transactions for the temporary purchase and transfer of securities

Transactions for the temporary transfer of securities (securities lending, repurchase agreements) may now be carried out up to a maximum of 60% of the sub-fund's assets, instead of the 50% maximum as was previously the case.

As part of these transactions, the UCI will now be able to receive/pay financial guarantees in the form of a transfer of full ownership of securities and/or cash instead of cash only.

In addition, it has been specified that the entirety of the generated direct and indirect operating costs will be borne by the management company. The share of these costs may not exceed 40% of the income generated by these transactions.

Finally, the wording of these sections has been revised for greater clarity.

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