07 September 2023 | AMF news release | The AMF and the ARPP launch the Responsible Influence Certificate in Finance The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) have jointly set up a training module for influencers in the financial sector. Their aim is to help professionalise commercial influence, an activity that is now regulated by law. … the various services offered (investment advice, portfolio management, order reception and transmission). It also … and how to check authorisations, crypto-assets and digital asset service providers (DASPs), miscellaneous assets … |
09 August 2023 | News | The Autorité des Marchés Financiers (AMF) announces withdrawal of the authorisation of the portfolio asset management company Quantology Capital Management as of 30 June 2023 On 21 February 2023, the AMF Board noted that the asset management company Quantology Capital Management was no longer complying with the terms of its authorisation and therefore decided to withdraw its authorisation. … announces withdrawal of the authorisation of the portfolio asset management company Quantology Capital Management as of 30 … withdrawal was to take effect on the date on which another asset management company was appointed to manage the four … |
02 August 2023 | News | The AMF updates its policy on the information to be provided by collective investment schemes incorporating non-financial approaches The AMF has amended its Position-Recommendation DOC-2020-03 which defines the disclosures to be made by collective investment schemes incorporating non-financial approaches. The update extends the scope of this policy to include French and foreign European long-term investment funds (ELTIFs) marketed to retail investors in France. … incorporating non-financial approaches … News … Investment management companies … The AMF updates its policy on the … non-financial approaches … Collective investments … Asset management … |
31 July 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company for breaches of its professional obligations In its decision of 26 July 2023, the Enforcement Committee imposed a fine of €200,000 on the asset management company Eres Gestion. Eres Gestion is an asset management company specialising in employee savings, retirement savings and employee shareholding schemes. … The AMF Enforcement Committee fines an asset management company for breaches of its professional … obligations … Firstly, the Committee found that the asset management company had failed in its obligation to … |
30 July 2023 | | Article 319-26 Book III - Service providers > Title I bis - Asset management companies of AIFs > Chapter IV - Conduct of business rules > Section 4 - Information about AIF management … to Article L. 621-8-4 of the Monetary and Financial Code, asset management companies shall provide the AMF with data on the … to Article L. 621-8-4 of the Monetary and Financial Code, asset management companies shall provide the AMF with data on … |
30 July 2023 | | Article 721-3 Book VII - Token Issuers and Digital Assets Services Providers > Title II - Digital Assets Services Providers > Chapter I - Registration requirements, license requirements and common provisions applicable to licensed digital assets services providers > Section 2 - License requirements … out and the number of employees allocated to each digital asset service for the coming two financial years; A list of … the information system set up for provision of the digital asset service; The measures taken to detect, prevent and … on the systems for verifying internal control and risk management; Details on the systems for evaluating and … |
30 July 2023 | | Article 721-9 Book VII - Token Issuers and Digital Assets Services Providers > Title II - Digital Assets Services Providers > Chapter I - Registration requirements, license requirements and common provisions applicable to licensed digital assets services providers > Section 3 - Common provisions applicable to licensed digital assets services providers > Sub… … and appropriate policy for the prevention, detection, management and disclosure of conflicts of interest between … in which the conflicts of interest arise. The digital asset service provider shall publish information about the … in a prominent place on its website. When the digital asset service provider is an investment services provider, … |
30 July 2023 | | Article 722-21 Book VII - Token Issuers and Digital Assets Services Providers > Title II - Digital Assets Services Providers > Chapter II - Specific provisions applicable to licensed digital assets services providers > Section 4 - Provisions relating to the services referred to in Article L. 54-10-2 5° of the Monetary and Financial Code > Sub-section 1 -… … services to subscribers of digital assets or portfolio management of digital assets on behalf of third parties, the digital asset service provider shall obtain from its clients or … not able to determine whether the service or the digital asset proposed is suitable for them, and that it is therefore … |
30 July 2023 | | Article 421-38 Book IV - Collective investment products > Title II - AIFS > Chapter I - General provisions > Section 3 - Information > Sub-section 2 - Reporting to the AMF … 421-38 … I. When the AIF is managed by an investment management company established in a European Union Member … Code, the AIF or, where applicable, the custodian, asset management company, manager or investment service … Code, the AIF or, where applicable, the custodian, asset management company, manager or investment service … |
30 July 2023 | | Article 721-1-2 Book VII - Token Issuers and Digital Assets Services Providers > Title II - Digital Assets Services Providers > Chapter I - Registration requirements, license requirements and common provisions applicable to licensed digital assets services providers > Section 1 - Registration requirements … Article 721-1-2 … A digital asset service provider subject to the provisions of Article … 721-7 to 721-14 in force as from that date. This digital asset service provider shall provide information relating to … and internal control system, the conflict of interest management system, the resilient and secure IT system, the … |