Summary of SPOT inspections on the process for producing, checking and transmitting regulatory reports to the AMF (AIFM, MMF, ROSA)

As announced in its supervisory priorities in early 2023, the Autorité des Marchés Financiers (AMF) has conducted a new SPOT (Supervision of Operational and Thematic Practices) inspection campaign looking at the quality of the data transmitted by portfolio asset management companies (AMCs) to the AMF. The investigations focused on reporting under the MMF and AIFM Regulations, as well as on the ‘entities’ (also known as ‘third parties’) repository on ROSA. This campaign follows up on two earlier rounds of SPOT inspections. The first, a summary of which was published on 24 April 2020, looked at the AIFM reporting of AMCs. The second, launched in 2022, looked at the quality of the data transmitted to the AMF in annual disclosure sheets/annual internal control reports (FRA-RAC), anti-money laundering questionnaires (AMLQ) and over the ROSA ‘entities’ repository. A summary of this campaign was published on the AMF website on 24 October 2023.