Article 314-21 into force since
- Version into force since
In this paragraph, “research” means research material or services concerning:
one or several financial instruments or other assets; or
the issuers or potential issuers of financial instruments; or
a specific industry or market;
such that it informs views on financial instruments, assets or issuers within that sector or market.
That type of material or services:
explicitly or implicitly recommends or suggests an investment strategy and provides a substantiated opinion as to the present or future value or price of such instruments or assets; or
contains analysis and original insights and reaches conclusions based on new or existing information that could be used to inform an investment strategy and be relevant and capable of adding value to the decisions by the investment services provider on behalf of clients being charged for that research.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02