27 July 2020 | Policy | Position - Recommendation DOC-2014-07 Best execution consists of obtaining, when executing orders, the best possible result for clients. The Autorité des marchés financiers (AMF) updates the English version of its position-recommendation DOC-2014-07 on this subject. … Unless otherwise stated with reference to a specific asset class, the recommendations/positions and rule reminders … the performance of an independently listed underlying asset and that are intended for retail clients, the execution … and transmission of orders (RTO) or portfolio or CIS management transmits orders for execution to another ISP. … |
23 July 2020 | Warning | The AMF announces the referral of two investigation files on “boiler room marketing” to the National Financial Prosecutor’s Office In recent years, the Autorité des Marchés Financiers has warned the public about this type of fraud in which investors are pressured to move quickly and seize investment opportunities, using sales pitches that are unrelated to the real value of the listed companies in question. It calls on investors to remain vigilant. … which a person claiming to be from a pseudo brokerage or asset management company contacts investors (often by telephone) … its objective is to encourage retail investors to buy this asset and push the stock market price up so that it can then … |
17 July 2020 | Report / study | Overview and inventory of French funds' liquidity management tools This article constitutes a first presentation of the prospectus analysis tool developed through a cooperation between the Banque de France and the Autorité des marchés financiers (AMF). This work aims to identify the liquidity management tools (LMT) implemented by funds regulated by the AMF under French law (“French funds”). This work is part of a… … Overview and inventory of French funds' liquidity management tools … Télécharger le contenu This article … financiers (AMF). This work aims to identify the liquidity management tools (LMT) implemented by funds regulated by the … inventory of French funds' liquidity management tools … Asset management … Prospectus … |
16 July 2020 | News | Sustainable finance and collective management: the AMF updates its policy on collective investments incorporating non-financial criteria Following the publication of Position-Recommendation DOC-2020-03 which sets out information related to the consideration of non-financial criteria that may be disclosed by French collective investments and foreign UCITS authorised for marketing in France, the AMF has created specific forms for the authorisation processes, for preparing KIIDs/KIDs… … Sustainable finance and collective management: the AMF updates its policy on collective … introduced additional information to improve support to asset management industry participants. Since 11 March 2020, … investments incorporating non-financial criteria … Asset management … Marketing … Sustainable Finance … |
16 July 2020 | Professional guide | Guide to asset freezing The purpose of this guide is to help professionals understand the different regimes, clarify the scope of these regimes and remind professionals of their obligations. … Guide to asset freezing … Télécharger le contenu The purpose of … and remind professionals of their obligations. Guide to asset freezing … … en/news-publications/publications/professional-guides/guide-asset-freezing … The purpose of this guide is to help … services providers … Guide to asset freezing … Asset management … Anti-money Laundering … |
15 July 2020 | News | The AMF publishes its guide to Asset Freezing The AMF has published a guide on asset freezing to help professionals understand the different regimes, clarify the scope of these regimes and remind professionals of their obligations. … The AMF publishes its guide to Asset Freezing … Asset-freezing measures are part of economic or financial … … Scope of the guide … The guide applies to asset management companies, legal entities managing one or more … |
09 July 2020 | Enforcement Committee news releases | The AMF Enforcement Committee fines a financial investment advisor and its chairman for breaches of their professional obligations In its decision of 3 July 2020, the Enforcement Committee imposed, on each of the parties, Groupe Consultant en Gestion Financière Internationale (CGFI) and its chairman and sole shareholder, Jacques Defemme, fine of €50,000 as well as a 5-year prohibition to practice as a financial investment advisor. … investors to invest in a British fund as part of its asset-management-related consultancy activity on the other. First, … clear, accurate and not misleading in the context of its asset-management-related consultancy activity, by not … |
07 July 2020 | News | The AMF sets out its guidelines for digital finance in Europe In June 2019, as part of the new European mandate (2019-2024), the AMF published a position paper for the European institutions entitled "EU2024: Shaping 27-member capital markets to meet tomorrow's challenges - Workstreams and initial proposals from the AMF". The AMF recommended, among other things, the development of a European digital… … European listed companies. … European data strategy … Data management is the foundation of any digital transformation. … existing legal barriers and creating a stable value asset for interbank settlement (interbank stable settlement … |
03 July 2020 | AMF news release | The Autorité des Marchés Financiers publishes its Markets and Risk Outlook 2020 While markets and infrastructures functioned effectively through the health crisis, the imbalances that were already present at the outset have been accentuated and geopolitical tensions remain. Aside from the many challenges of financing the post-Covid 19 economic recovery, which constitutes an economic vulnerability in its own right, the… … situation has also demonstrated the resilience of asset management: French money market funds have for example been … with the corresponding valuation difficulties for certain asset classes. The health crisis has strongly weakened … |
02 July 2020 | News | Money Laundering and Terrorist Financing: threats and risks in times of health crisis The AMF draws the attention of portfolio asset management companies, financial investment advisors, crowdfunding advisors and digital asset service providers to changes in the risks of money laundering and terrorist financing in the particular context of the worldwide health crisis. The Financial Action Task Force (FATF) and TRACFIN are publishing… … financing The AMF draws the attention of portfolio asset management companies, financial investment advisors, crowdfunding advisors and digital asset service providers to changes in the risks of money … |