Paragraph 2: Funds open to non-professional investors

I. - Are applicable in the Wallis and Futuna Islands, subject to the adaptations provided for in II and III, the provisions of the articles mentioned in the left-hand column of the table below, in the wording indicated in the right-hand column of the same table:

II. - For the application of I:
1° Provisions referring to the Central Bank of a Member State or of another Contracting State and to the European Investment Bank are not applicable;
2° References to a Member State of the Organisation for Economic Co-operation and Development are deleted;
3° References to the head office, registered office or registered office of investment firms and credit institutions located in a Member State of the European Union or in another State party to the Agreement on the European Economic Area are replaced by references to the head office, registered office or registered office of investment firms and credit institutions located in France, in another Member State of the European Union or in another State party to the Agreement on the European Economic Area.
4° References to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 are replaced by references to Article L. 712-7;
5° References to Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds are deleted;
6° References to the French Construction and Housing Code are replaced by references to Article L. 711-5 of the Monetary and Financial Code;
7° References to the Forestry Code are replaced by references to locally applicable provisions having the same effect.
III. - For the application of the articles mentioned in the table above:
1° In article R. 214-32-19, the references to articles L. 214-22 and L. 214-30 are deleted;
2° In article R. 214-32-20:
a) In a) of 1°, the words: "A Member State" are replaced by the words: "France, another Member State";
b) In 3°, the words: "located in a State" are replaced by the words: "located in France or another State";
3° In 1° of IV of article R. 214-32-29, the words: "are issued or guaranteed by a Member State of the European Union or another State party to the Agreement on the European Economic Area, by its local authorities" are replaced by the words: "are issued or guaranteed by France, by another Member State of the European Union or another State party to the Agreement on the European Economic Area, by the local authorities of these Member States or States party to the European Economic Area";
4° In 1° of IV of Article R. 214-32-35, the words: "by a Member State of the European Union or by its regional or local authorities" are replaced by the words: "by France, by another Member State of the European Union or by the regional or local authorities of these Member States or parties to the European Economic Area";
5° The second paragraph of Article R. 214-32-42 reads as follows:
"2° Up to 30% of its assets may be invested in units or shares of collective investment schemes";
6° In the third paragraph of Article R. 214-36, the words: "or of the same venture capital company satisfying the conditions laid down in article 1-1 of law no. 85-695 of 11 July 1985 containing various economic and financial provisions" are deleted;
7° In a of 4° of article R. 214-46-1, the words "or foreign UCITS approved in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009" are deleted;
8° In the third paragraph of article R. 214-65, the words "in fulfilment of the reinvestment obligation set out in article 163 quinquies B of the General Tax Code" are deleted;
9° In a of 3° of article R. 214-72, the words: "or in venture capital companies governed by article 1-1 of law no. 85-695 of 11 July 1985 containing various economic and financial provisions whose securities or rights are included in its assets" are deleted;
10° In article R. 214-93:
a) The reference to article L. 423-1 is deleted;
b) The words "local authorities of a Member State or party to the Agreement on the European Economic Area" are replaced by the words "local authorities of France or of another Member State" and the words "or by a public international body to which one or more Member States of the European Union or parties to the Agreement on the European Economic Area belong or which are issued by the Caisse d'Amortissement de la Dette Sociale" are deleted.
11° In Articles R. 214-93 and R. 214-98, the words: "or foreign UCITS approved in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009" are deleted;
12° In Article R. 214-166, the words: "In this case, the forest savings company undertakes to apply to the forest the system provided for by the decree of 28 June 1930 relating to the conditions of application of article 15 of the finance law of 16 April 1930 until the date of approval of the simple management plan" are deleted;
13° In article R. 214-186, the references to articles L. 214-1-1, L. 214-22, L. 214-24-1 and D. 214-22-1 are deleted.