14 August 2026 | Professional guide | UCITS and AIF depositaries guide This guide is intended for UCITS depositaries and aims to support these market participants in implementing their obligations. It replaces the guide published in 2018 for depositaries on implementing the UCITS V obligations and now covers, in part, AIF depositaries as well as incorporating recent developments, particularly in the area of crypto… … appropriate monitoring of collective investments’ liquid asset flows, asset safekeeping and an oversight duty, also known as the … in implementing their obligations. Other asset management entities, including asset management companies … Asset management … |
10 August 2026 | Annual Report | 2025 AMF Annual Report The 2025 annual report presents the actions taken by the AMF in line with its strategic priorities, including: creating the conditions for an increasingly safe and resilient financial center, fostering the development of European capital markets and the attractiveness of the Paris financial center, and providing an environment conducive to… … markets; ● that the information provided by investment management companies about their investment strategy and … to provide investment services, invest- ment firms, asset manage- ment companies, financial investment advisors, … financial instruments; ● token issuers (ICOs) and digital asset services provi- ders. Its powers and competence To … |
06 August 2026 | Article | Contact us … regarding a contribution : Investment Services Providers, Asset Management Companies, market capitalizations, share buybacks, … regarding a contribution : Investment Services Providers, Asset Management Companies, market capitalizations, share buybacks, … regarding a contribution : Investment Services Providers, Asset Management Companies, market capitalizations, share … |
04 August 2026 | News | Advice on crypto-assets: the AMF updates its doctrine in relation to FIAs With the entry into application of the MiCA Regulation and the end of its transitional period, the provision of the service of advice on crypto-assets is now subject to specific authorisation and compliance with the rules laid down at European level. In its doctrine, the Autorité des Marchés Financiers (AMF) specifies the situations in which a… … Thus, when an FIA had obtained approval as a digital asset services provider (DASP) to provide this service of … this activity was considered to fall under ‘other wealth management advice activities’ and remained subject to … at the client’s request or on the initiative of the crypto-asset service provider providing the advice, in respect of … |
30 July 2026 | News | Money market funds: the ANC has confirmed the presumption of classification as "cash equivalents" Directive (EU) 2024/927 of 13 March 2024 ("AIFMD II") requires that asset management companies select at least two liquidity management tools for UCITS and open-ended AIFs. By way of derogation, funds authorised under Regulation (EU) 2017/1131 on money market funds (the "MMF Regulation") must select at least one liquidity management tool. … letter dated 8 July 2026, that the presence of a liquidity management tool, such as swing pricing, does not call into … the presumption of the eligibility of variable net asset value (VNAV) money market funds, whether standard or … (EU) 2024/927 of 13 March 2024 ("AIFMD II") requires that asset management companies select at least two liquidity … |
29 July 2026 | Report / study | Evolution of trading at the close on the French equity market European equity markets, and the French market in particular, have experienced a marked increase in the share of trading executed at the close over recent years. In 2019, the AMF published a study highlighting the growing importance of the Euronext Paris closing auction, which already accounted for 41% of turnover in CAC 40 equities in June 2019… … at the closing price in order to replicate their Net Asset Value (NAV); • best execution requirements, which encourage asset managers to execute orders during the closing auction, … be interpreted as reflecting the growing role of passive management at the expense of active management and may also … |
24 July 2026 | News | The AMF has published an updated version of its guide for UCITS and AIF depositaries In the context of operational and regulatory changes affecting depositaries’ activities, in particular those related to the development of tokenisation and crypto-assets, the Autorité des Marchés Financiers (AMF) has updated its guide on the implementation of the obligations of UCITS depositaries, which was initially published in 2018. In this… … Asset management … |
23 July 2026 | Enforcement Committee news releases | The AMF Enforcement Committee has fined an asset management company and two of its directors for breaches of their professional obligations and cleared two other directors In its decision of 20 July 2026, the Enforcement Committee imposed fines of €350,000, €30,000 and €40,000 respectively on the asset management company Uzès Gestion and its directors, Jean-Marie Godet and Christian Maugey, each accompanied by a warning, for breaches of their professional obligations. … The AMF Enforcement Committee has fined an asset management company and two of its directors for breaches of … The AMF Board had accused the asset management company of several breaches relating to … fines of €350,000, €30,000 and €40,000 respectively on the asset management company Uzès Gestion and its directors, … |
23 July 2026 | News | The Autorité des Marchés Financiers (AMF) is updating its doctrine in light of the recent revision of the European Benchmarks Regulation and the new regulatory framework for deposits with the Caisse des Dépôts et Consignations The Autorité des Marchés Financiers (AMF) is updating its doctrine to take into account, on the one hand, the impacts of the revision to Regulation (EU) 2016/1011 on indices used as benchmarks (BMR), which was published in May 2025 and, on the other hand, to specify the procedures for liquidators of UCITS or AIFs who are forced to deposit sums… … necessitates an update of the instructions applicable to asset management companies (AMCs), investment services providers … DOC 2008-03: Authorisation procedure for investment management companies, disclosure obligations and passporting … necessitates an update of the instructions applicable to asset management companies (AMCs), investment services … |
23 July 2026 | Policy | Instruction DOC-2011-20 - … Investment management companies Prospectus Periodic & ongoing … transpose MIF 2 and legally separate investment firms from asset management companies. The update will take place in the near … Investment management companies Prospectus Periodic & ongoing … transpose MIF 2 and legally separate investment firms from asset management companies. The update will take place in the … |
