15 July 2019 | News | On Apr 5th 2019, the AMF's Scientific Advisory Board dedicated its meeting to market finance Boris Vallée (Harvard Business School) presented a working paper on the optimal design of crowdfunding platforms. The authors of the research aimed at understanding why LendingClub suddenly decided to reduce the quantity of information on borrowers that it made available to investors. Following B.Vallée's presentation, Patrice Poncet (Essec…… On Apr 5th 2019, the AMF's Scientific Advisory Board dedicated its meeting to … issue, which can have an impact on the platform’s overall activity. Indeed, sophisticated investors are more able to … for a political risk factor. On Apr 5th 2019, the AMF's Scientific Advisory Board dedicated its meeting to … |
11 July 2019 | Public statements | Speech by Robert Ophèle, Chairman of the AMF at the European Fund and Asset Management Association's Annual General Meeting - 21 June 2019 … Speech by Robert Ophèle, Chairman of the AMF at the European Fund and Asset Management Association's … regulatory framework appears largely adequate; the AMF intends to share its analysis on a macro-prudential … what can be considered an environmentally sustainable activity needs to be finalized; this taxonomy is necessary in … |
08 July 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines an investment services provider and three financial investment advisors for breaching their professional obligations In its decision of 2 July 2019, the Committee issued a reprimand to Invest Securities, an investment services provider (ISP), and fined it €90,000 for failing to carry out the necessary checks prior to the marketing of a British alternative investment fund (AIF) that was not authorised in France. The Committee also fined Mr Carlotta and the…… a Member State of the European Union be authorised by the AMF, this had not been done in this case. It also held that … the Committee found that they had not carried out their activity with the due competence, care and diligence that are … and regulations that fall within the jurisdiction of the AMF. It ratifies settlement agreements signed by the … |
02 July 2019 | Report / study | 2019 Markets and Risk Outlook The AMF issued its 2019 Markets and Risk Outlook, a yearly risk assessment based upon the economic, financial and regulatory evolutions. It focuses more specifically on the financing of the economic activity, on the financial markets' structure, on the asset management industry and on the household savings.… 2019 Markets and Risk Outlook … Télécharger le contenu The AMF issued its 2019 Markets and Risk Outlook, a yearly risk … focuses more specifically on the financing of the economic activity, on the financial markets' structure, on the asset … … The AMF issued its 2019 Markets and Risk Outlook, a yearly risk … |
18 June 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a financial investment advisor for failing to comply with its obligations within the framework of its order reception and transmission activity In its decision of 13 June 2019, the Committee fined Infinitis €20,000 for breaching its professional obligations within the framework of its order reception and transmission activity. However, the Committee found that objections pertaining to the provision of a non-guaranteed investment service and to the absence of a procedure for selecting the…… the framework of its order reception and transmission activity … Infinitis is a financial investment advisor … reception and transmission of orders ("RTO") activity. The AMF General Regulation makes the conduct of such an activity … and regulations that fall within the jurisdiction of the AMF. It ratifies settlement agreements signed by the … |
06 June 2019 | Public statements | Speech by Robert Ophèle, AMF Chairman - FIA's International Derivatives Expo Conference - 'Shaping EU27 capital markets to meet tomorrow's challenges' - London - 4 June 2019 … Speech by Robert Ophèle, AMF Chairman - FIA's International Derivatives Expo … These limits to the EU approach are well known and the AMF has regularly argued in favour of a more principle based … rules, which also requires better information on the activity actually carried out in host countries; where … |
06 June 2019 | Policy | Instruction DOC-2019-06 This instruction is adopted pursuant to the provisions of Articles 711-1 to 715-2 of the AMF General Regulation relating to initial coin offerings. It defines, in particular, the procedures for examination of the information document, describes its content in detail and specifies the conditions applicable to marketing material.… of an information document for approval by the AMF on an initial coin offering … Fintech Public offer … to the provisions of Articles 711-1 to 715-2 of the AMF General Regulation relating to initial coin offerings. It … legal entity, share ownership structure, background and activity, and where applicable historical financial data … |
20 May 2019 | Public statements | Speech by Robert Ophèle, AMF Chairman - Crédit Agricole CIB and SEB conference - " Implementing the French-Swedish partnership for innovation and green solutions " - Paris – 20 may 2019 … Speech by Robert Ophèle, AMF Chairman - Crédit Agricole CIB and SEB conference - " … finance. I do think that authorities such as the AMF should focus on supervision and enforcement of the rules. … what can be considered an environmentally sustainable activity needs to be finalized; this taxonomy is necessary in … |
14 May 2019 | AMF news release | The Autorité des marchés financiers and the Israel Securities Authority cooperate to encourage innovation At the annual conference of the International Organisation of Securities Commissions (IOSCO) in Sydney (Australia), the chairpersons of the French and the Israeli authorities, Robert Ophèle and Anat Guetta today signed a cooperation agreement with the aim of strengthening innovation, investor protection and competitiveness in their respective…… agreement will enable the Autorité des marchés financiers (AMF) and the Israel Securities Authority (ISA) to exchange … the ISA created a FinTech Innovation Hub. In May 2016, the AMF launched its FinTech, Innovation and Competitiveness … security for the investing public. ISA's widespread activity in three main realms: protecting investors; … |
14 May 2019 | Bilateral MoU | ISA - 2019 - Fintech MOU 2019 - MOU regarding cooperation for innovation in the financial sector between the Autorité des marchés financiers (AMF) and the Israel Securities Authority (ISA)… sector between the Autorité des marchés financiers (AMF) and the Israel Securities Authority (ISA) Israël … inancial-sector-between-the-autorite-des-marches-financiers-amf-and-the-israel-securities-authority-isa-1.pdf (735.98 Ko) … framework and to examine any required adjustments to their activity, through guidance of the ISA's staff. Article 4 … |
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