FRANCE Law and Practice Contributed by: Rima Maitrehenry, Fabrice Rymarz, Charles-Xavier Vincenti and Stein Mpassi Loufouma, Racine
FPS, SLP and OFS Amendment to the legal regime for FPS, SLP and OFS to allow these funds to issue tracking shares and bonds. Tracking shares and bonds “track” and reflect the economic performance of a given asset or category of assets in the fund’s portfolio ( Ordonnance du 3 juillet 2024 portant modernisation du régime des fonds d’investissement alternatifs ). FPCI Deletion of the 10% limit on the holding of receivables by an FPCI to facilitate its recog - nition as an ELTIF 2.0 ( Ordonnance du 3 juillet 2024 portant modernisation du régime des fonds d’investissement alternatifs ).
to EUR500 million, with such investments being included in the 50% of unlisted investment quo - tas ( Loi Attractivité No 2024-537 du 13/6/2024). The calculation of the 50% FCPR investment quota has been amended to permit the taking- into-account of not only direct investments in eligible assets made by certain entities in which an FCPR invests but also indirect investments of such entities in such eligible assets ( Ordon- nance du 3 juillet 2024 portant modernisation du régime des fonds d’investissement alternatifs ). SLP Creation of an unincorporated form of SLP hav - ing a limited liability company, the société de libre partenariat spéciale (SLPS). The SLPS does not have legal personality ( Ordonnance du 3 juil- let 2024 portant modernisation du régime des fonds d’investissement alternatifs ).
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