March 24, 1992
TO: INTERNATIONAL MEMBERS NO. 5-92
RE: SIMPLIFIED PROCEDURES FOR APPROVAL OF FRENCH FUNDS
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Attached for your information is a memorandum prepared by
counsel to the Institute that briefly describes simplified
procedures to be used by the Commission des Operations Bourse,
the French regulatory authority, for collective investment
schemes authorized in France.
We will keep you informed of developments.
Angela C. Goelzer
Assistant Counsel - International
Attachment