Bnp Paribas Fund Iii N.V

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Bnp Paribas Fund Iii N.V BNP PARIBAS FUND III N.V. Prospectus 3 May 2021 The original Prospectus has been drawn up in the Dutch language. This document is an English translation of the original Dutch version. In the event of differences between the English and the Dutch versions, the latter will prevail. May 2021 3 ׀ BNP Paribas Fund III N.V ׀ Prospectus Table of Contents Table of Contents ....................................................................................................................................................... 1 Definitions .................................................................................................................................................................... 3 Important information .............................................................................................................................................. 6 General ......................................................................................................................................................................... 8 Introduction ................................................................................................................................................................. 9 Risk factors ................................................................................................................................................................ 11 General ........................................................................................................................ 11 Market risk ................................................................................................................... 11 Concentration risk ........................................................................................................... 12 Liquidity risk ................................................................................................................. 12 Country risk .................................................................................................................. 12 Risks related to investments in mainland China ........................................................................ 12 Operational risk .............................................................................................................. 13 Counterparty risk ............................................................................................................ 13 Outsourcing risk ............................................................................................................. 13 Risks relating to legislation and regulations ............................................................................. 13 Risks related to ESG and sustainability investments ................................................................... 13 Settlement risk .............................................................................................................. 14 Risk of investing with borrowed money .................................................................................. 14 Custody risk .................................................................................................................. 14 Erosion risk ................................................................................................................... 14 Risk of double costs ......................................................................................................... 14 Risk associated with the segregation of assets within a Subfund .................................................... 14 Risks associated with techniques for efficient portfolio management ............................................... 14 Risk of conflicts of interest ................................................................................................. 14 Model risk .................................................................................................................... 15 Fund structure .......................................................................................................................................................... 16 The Company ................................................................................................................. 16 Management Board ......................................................................................................... 16 Management Company ..................................................................................................... 16 Remuneration policy of the Management Company .................................................................... 17 Outsourcing by the Management Company .............................................................................. 17 Depositary .................................................................................................................... 18 Conflicts of interest ......................................................................................................... 19 Outsourcing by the Depositary ............................................................................................ 20 Independence requirement ................................................................................................ 20 Priority shareholder......................................................................................................... 20 Capitalisation ................................................................................................................ 20 Distributions and dividend policy ......................................................................................... 21 General Meetings ............................................................................................................ 22 DUFAS Asset Manager Code ................................................................................................ 23 Fund Governance ............................................................................................................ 23 Guarantee of equal treatment ............................................................................................. 23 Voting policy ................................................................................................................. 23 Class Action Policy .......................................................................................................... 23 Winding up and liquidation ................................................................................................ 24 Investment objective and investment policy ...................................................................................................... 25 Investment restrictions ..................................................................................................... 25 The portfolio ................................................................................................................. 25 Risk management ............................................................................................................ 25 Affiliated Parties ............................................................................................................. 25 May 2021 Page 1 3 ׀ BNP Paribas Fund III N.V ׀ Prospectus Techniques for efficient portfolio management ......................................................................... 26 Collateral for OTC derivatives transactions and techniques for efficient portfolio ................................ 26 Leverage ...................................................................................................................... 28 Securities Lending ........................................................................................................... 28 Research collection charge agreements.................................................................................. 28 Sustainable investment policy ............................................................................................................................... 29 SFDR classification .......................................................................................................... 30 Integration of sustainability risks in the investment process of relevant Subfunds tracking an index ......... 31 Net asset value ......................................................................................................................................................... 32 Determination of net asset value .......................................................................................... 32 Compensation for incorrectly calculated net asset value ............................................................. 32 Issue and repurchase of Shares and pricing ....................................................................................................... 33 Issue, repurchase and Transaction Price ................................................................................. 33 Settlement of orders ........................................................................................................ 33 Suspension of issue and repurchase of Shares .......................................................................... 34 Refusal of an order .......................................................................................................... 35 Valuation principles ................................................................................................................................................. 36 Principles of determination of results
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