Fond commun de placement
A fonds commun de placement (FCP or FCP) is an association founded by French or Luxembourg law mutual funds.
The FCP corresponds to the construct of the fund or securities investment fund under German law. However, FCP is not a company but a contractually regulated total hand property, in French: " Propriété collective indivise ". This is regulated in Luxembourg by the Law of 17 December 2010 on undertakings for collective investment and the law of 13 February 2007 on specialized investment funds ( SIF Law ). The aim of the FCP are all types of financial assets according to the principle of risk spreading. It is crucial that the investment fund is not liable for the obligations of the management company or the shareholders. Thus, the creditors of a management company in the case of payment difficulties not able to access the invested funds of funds, which means that investors in the Fund are protected.
In addition to the FCP there under French or Luxembourg law, the SICAV as a corporation. Just like the FCP invests the SICAV in different financial instruments, but as a society has a different tax status.