12 June 2023 | AMF news release | The AMF publishes a summary on the internal processes that aim to ensure compliance with non-financial contractual commitments by asset management companies of ESG/SRI funds The Autorité des Marchés Financiers has published a summary of a study and its findings following a series of short thematic inspections called SPOT. The study analyses the responses to a detailed questionnaire from 176 generalist portfolio asset management companies (AMCs) that have at least one contractual non-financial commitment for at least… … The AMF publishes a summary on the internal processes that aim to … by asset management companies of ESG/SRI funds … The AMF had carried out an initial series of operational and … used a team that was independent of the management activity. This practice is less common among the 176 AMCs … |
26 May 2023 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair, The AMF: "a pivotal position at the heart of financial regulation" - General Assembly of the French Association of Corporate Treasurers - 20 April 2023 … Speech by Marie-Anne Barbat-Layani, AMF Chair, The AMF: "a pivotal position at the heart of financial … taxonomy defines sustainability criteria for each economic activity in order to identify those that are already … |
16 May 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines a portfolio asset management company for breaches of its professional obligations Please note that the French version of this press release was published on 10 May 2023.In its decision of 4 May 2023, the Enforcement Committee imposed a fine of €300,000 on the portfolio asset management company Foncière Magellan. … The AMF Enforcement Committee fines a portfolio asset management … authorisation did not allow it to carry out such an activity, the Committee found that Foncière Magellan had not … and regulations that fall within the jurisdiction of the AMF. It ratifies settlement agreements signed by the … |
16 May 2023 | News | Reporting under Article 29 of the Energy-Climate Law: the AMF updates its policy on how to prepare and submit reports Following the approval of amendments to its General Regulation, the AMF has updated its policy to specify the procedures for preparing and submitting the report required under Article 29 of the Energy-Climate Law (LEC 29) from investment services providers (ISPs), including asset management companies. … Reporting under Article 29 of the Energy-Climate Law: the AMF updates its policy on how to prepare and submit reports … … and Energy Management Agency, ADEME) and to the AMF no later than six months after the end of the financial … (in French only) AMF Instruction DOC-2014-01: Programme of activity of investment services providers and information … |
16 May 2023 | Policy | Instruction DOC-2014-01 … Programme of activity of investment services providers and information provided to the AMF … Investment services providers Organisational rules … 314-79 to 314-97, 314-105, and 315-1 to 315-49 of the AMF General Regulation Book 3 Instruction Programme of … |
27 April 2023 | AMF news release | Provision of market data: the AMF conducts a series of SPOT inspections and identifies shortcomings in compliance with requirements The AMF has published a summary of the findings of a series of short, thematic inspections of four firms providing market data. Four years after the entry into force of the obligations imposed by the Markets in Financial Instruments Regulation (MiFIR), the AMF has identified shortcomings in their compliance with the requirements of the European… … Provision of market data: the AMF conducts a series of SPOT inspections and identifies … the European Securities and Markets Authority (ESMA), the AMF carried out a series of inspections in the first half of … the margin generated by the market data provision activity. Among the shortcomings noted, the regulator also … |
20 April 2023 | AMF news release | Slight recovery of retail investor activity in the stock market After a slowdown in the second half of last year, the number of active retail investors in the stock market in the first quarter of the year picked up again, but without returning to the levels seen between 2020 and 2022. The number of investors in exchange-traded funds (ETFs) reached the highest level recorded by the Autorité des Marchés… … Slight recovery of retail investor activity in the stock market … The tenth edition of the AMF's active retail investor dashboard shows an upturn in … the number of buyers (566,000). Of these buyers, the AMF identified 51,000 new investors who had never traded in … |
14 April 2023 | Ombudsman’s Blog | Companies under court-ordered liquidation: what can you do with worthless securities in your portfolio? As I have already discussed in previous issues, I regularly receive requests from clients wishing to transfer or close their securities account and who find it difficult to do so because their portfolio contains securities whose issuer is in court-ordered liquidation. My past intervention has resulted in some progress, in particular with regard to… … If the account keeper nevertheless deducts fees, the AMF Ombudsman considers that the account keeper runs the risk … natural persons and legal entities engaged in commercial activity. All companies with a commercial activity must be listed in the RCS or face sanctions. [ 3 ] … |
30 March 2023 | AMF news release | Laure Tertrais is appointed Head of the AMF Chair’s Executive Office with effect from 1 April 2023 Laure Tertrais will provide essential support to the AMF Chair and ensure that she has all the backing she needs to carry out her duties. She will ensure that the events scheduled in the Chair’s agenda are smoothly prepared and followed up, and will play a key coordination role with internal and external stakeholders (at the national level). Her… … Laure Tertrais is appointed Head of the AMF Chair’s Executive Office with effect from 1 April 2023 … … and monitoring sanction proceedings, and representing the AMF in disputes before the judicial and administrative … Office with effect from 1 April 2023 … Appointment … AMF activity … Institutional … |
08 March 2023 | AMF news release | The AMF has produced the standard profile of active investors in 2022 Men and women: who trades in the stock market, in what type of securities, and in what age group? The Autorité des Marchés Financiers (AMF) has analysed the profile of French investors who bought and sold financial securities in 2022. The results show that three out of ten active investors are women and that men perform more transactions. … The AMF has produced the standard profile of active investors in … studies carried out in April 2020 and November 2021, the AMF has published another study. The new study covers … +33 (0)1 53 45 60 28 … Read more … Retail investor activity and standard profiles AMF Barometer special edition: … |