Under the conditions specified in [dcl.init], as part of a copy-initialization of an object of class type, a user-defined conversion can be invoked to convert an initializer expression to the type of the object being initialized. Overload resolution is used to select the user-defined conversion to be invoked. Assuming that “cv1 T” is the type of the object being initialized, with T a class type, the candidate functions are selected as follows:
The converting constructors ([class.conv.ctor]) of T are candidate functions.
When the type of the initializer expression is a class type “cv S”, the non-explicit conversion functions of S and its base classes are considered. When initializing a temporary to be bound to the first parameter of a constructor that takes a reference to possibly cv-qualified T as its first argument, called with a single argument in the context of direct-initialization, explicit conversion functions are also considered. Those that are not hidden within S and yield a type whose cv-unqualified version is the same type as T or is a derived class thereof are candidate functions. Conversion functions that return “reference to X” return lvalues or xvalues, depending on the type of reference, of type X and are therefore considered to yield X for this process of selecting candidate functions.
In both cases, the argument list has one argument, which is the initializer expression. [ Note: This argument will be compared against the first parameter of the constructors and against the implicit object parameter of the conversion functions. — end note ]