French to English Bus/Financial Finance (general) investment and risk-allocation rules

F = fonds; VG stands for "à vocation générale"; the 'P' could be "de placement" or "privé" - I just don't know.

The acronym occurs in just 3 separate instances in an 8-thousand-word document. It is related to FIVG for which I have already posted a request here.

A distinction is made between FPVG and the already-queried FIVGs: "Ils [FPVGs] appliquent un risque de contrepartie dans des conditions similaires aux FIVG (les FPVG n’ont pas d’obligation de limiter leur risque de contrepartie)."

As stated for my earlier query today, I have exhausted the resources of ProZ.com, WordReference, Linguee, and strangely, IATE and the AMF website.

However, Article L214-144 of the Code Monétaire et financier refers to "fonds professionnel à vocation générale" - can anyone confirm whether this would be a "Market Traded Fund" (MTF)?

As regards that Code, the latest English translation I am aware of does not have the same numbering as the up-to-date French Code on Legifrance, and neither of the queried terms is documented in that translation.

If I find anything more about these two peculiar species, I shall update these posts.

Again, I shall appreciate your help.

With kind regards,

Adam Warren
(IanDhu - 41189)