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26 September 2019

Our priorities for Action and Supervision

Each year, the AMF publishes its action and supervisory priorities. In 2020, we will be focusing on the following matters : attractiveness of financial markets, regulation and supervision of asset management, preparation of the post-Brexit era, sustainable finance, competitiveness of European financial centres in the digital sector and the AMF’s transformation. Read about the details of our priorities for 2020.

Our priorities for action

Support the attractiveness of financial markets

Supporting the attractiveness of financial markets, both in terms of corporate financing and allocation to investments, is a matter of priority for the AMF. We intend to take advantage of the revision of several European legal texts to push for a simpler and more proportionate regulation for the organisation of financial markets. We also wish to contribute to the acceptance of new French or European savings schemes and the development of employee savings.

Improve the regulatory framework and asset management supervision

Our objective is to support a clearer architecture and greater regulatory convergence in Europe, to maintain our commitment to the work on risk analysis in this sector and to continue to strengthen anti-money laundering and anti-terrorist financing systems at the national level.

Prepare Europe for tomorrow’s regulatory challenges

We will continue to prepare for the post-Brexit era, first of all by assisting market participants, and also by helping to define future relations between Europe and the United Kingdom, as well as means to strengthen EU-27 financial markets.

Support the transition to sustainable finance

We are helping to define a framework that will combine the quality and comparability of the non-financial information of listed companies and make ESG approaches to asset management more transparent, while at the same time monitoring the Paris financial centre's climate commitments, in conjunction with the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

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Promote the competitiveness of European financial centres in the digital arena

We are committed to supporting the construction of a European framework conducive to innovation, while preserving retail investors’ trust in investment offers by stepping up the fight against financial scams.

Modernising the AMF

We continue our transformation, which involves the digitisation of our processes and the use of data. In 2020, we will, for example, integrate reporting data on securities financing transactions into ICY, our in-house monitoring tool. We will also deploy a new artificial intelligence-based tool for detecting fraudulent sites.

Our supervisory priorities

In 2020, our thematic monitoring and oversight priorities will concern:

  • For management companies: the delegation of permanent control, liquidity risk management, loan granting, cybersecurity and the fight against money laundering and terrorist financing;
  • For market intermediaries: the implementation of MiFID II provisions covering reporting, post-trade transparency and best execution, liquidity agreements, the provision of cross-border services and benchmark transition;
  • For marketing players: the governance of products and the implementation of suitability requirements under MiFID II, the supervision of financial investment advisors.