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In-depth Savings & services providers: Crowdfunding

Crowdfunding: the AMF publishes a position-recommendation on the marketing of security and minibon offers and the run-off management of platforms

Published on March 2, 2018

Through their joint unit, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) have combined forces to improve the protection of crowdfunding clients and investors. This work had led the AMF to publish a position-recommendation primarily on the marketing and run-off management of platforms. This position-recommendation (DOC-2018-02) applies to crowdfunding investment advisors (CIAs) and investment services providers offering crowdfunding advice (ISP-CAs)

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Crowdfunding investment advisers: the AMF extends its regulations to include the intermediation of minibons

Published on January 5, 2017

Following amendments introduced by Executive Order 2016-520 of 28 April 2016 on interest-bearing notes (bons de caisse), the Autorité des Marchés Financiers (AMF) has amended its General Regulation on the business conduct and organisational rules applicable to crowdfunding investment advisers (CIAs) and investment services providers (ISPs) offering minibons. AMF policy on the procedure for CIA registration and investor disclosures has also been amended.

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Crowdfunding Platforms: the regulation system comes into force on 1st October 2014

Published on September 22, 2014

Crowdfunding activities are regulated by the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The AMF supervises notably the activity proposed by Crowdfunding Investment Advisers (CIP) whose status comes into force on 1st October 2014. In preparation, the AMF is publishing the draft texts that will apply, subject to their approval by the Finance Minister, and providing assistance with registration formalities to those market participants concerned by the new status.

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