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Policy III - Providers Programme of operations guide for asset management companies and self-managed collective investments

Abstract

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Marketing of complex financial instruments

Regulation > Policy > Policy principles

As structured funds and complex debt securities present risks that retail clients cannot easily understand, the AMF reminds professionals (investment services providers, financial investment advisers and direct marketers) of their obligations when marketing these products, and lays down four criteria for appraising mis-selling risks.

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Application of business conduct rules to marketing of units or shares in UCITS or AIFs by asset management companies, management companies or managers

Regulation > Policy > Policy principles

This instruction presents the business conduct rules applicable to marketing in France by French asset management companies, management companies established in another European Union Member State or managers established in third countries, of units or shares in UCITS or AIFs, with a view to their subscription or redemption by investors.

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Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from December 18, 2012 to February 3, 2015

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from February 4, 2015 to April 18, 2016

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from April 19, 2016 to May 25, 2016

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from May 26, 2016 to June 30, 2016

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from July 1, 2016 to January 11, 2017

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from January 12, 2017 to March 14, 2017

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Programme of operations guide for asset management companies and self-managed collective investments

Position , Recommendation DOC-2012-19 Applicable from March 15, 2017 to June 19, 2017

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

Link to the document

Table des matières de la doctrine

Legal information
Head of publications: Florence Gaubert, Executive Director of AMF Communication Directorate.
Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02