#2026-19518 Mart 2026 tarihli ve 2026-195 sayılı, alternatif yatırım fonlarının takas odalarına erişim koşullarını değiştiren karar
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This decree modifies the access conditions for alternative investment funds to clearing houses. It allows these funds to provide guarantees or equivalent commitments from specified entities to cover their obligations to the clearing house. Additionally, it updates references to previous regulations and directives to align with current legal frameworks.
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Key Changes
- Allows alternative investment funds to provide guarantees from specified entities for obligations to clearing houses.
- Updates references to previous regulations and directives to current legal standards.
Obligations
What this law requires
Alternative investment funds must provide a guarantee or equivalent commitment from specified entities (as listed in points 1, 2, and 5 of article L. 440-2) to cover all or part of their obligations to the clearing house, in accordance with the clearing house's operating rules.
Update internal references from decree 2019-1097 of August 20, 2019 to decree 2026-195 of March 18, 2026 in articles D. 762-12, D. 763-12, and D. 764-12 of applicable regulations.
Replace references to directive 2009/65/CE with references to provisions applicable in metropolitan France under that directive.
Replace references to article 4, paragraph 1, point a of directive 2011/61/UE and article 111 of delegated regulation 231/2013 with references to provisions applicable in metropolitan France under those instruments.
Alternative investment funds must provide a guarantee or equivalent commitment from specified entities (as listed in points 1, 2, and 5 of article L. 440-2) to cover all or part of their obligations to the clearing house, unless they were exempted before December 19, 2012