17 January 2020 | Public statements | Speech by Robert Ophèle, AMF Chairman - 2020 New year wishes - Wednesday 8 January - Palais Brongniart Check against delivery… the prevalence of real estate and risk-free and liquid investments: €110 billion of gross savings coupled with €40 … market transactions (review of MiFID, PRIIPS and CSDR) and collective investment. With respect to MiFID, the aim is to … regard to the post-trade processing of digital assets. Collective investment management is also at the heart of the … |
15 January 2020 | AMF news release | The AMF publishes a study assessing its action regarding the complexity of structured products The study measures the impact of a policy published jointly with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in 2010 and updated in 2016 which has the objective of limiting the complexity of structured products offered to the public in France. It concludes that the guidance has a positive effect, but this is partially offset by an…… conducted using a database made up of 6,217 formula based collective investment undertakings (CIU) and complex debt … products appear to underperform when compared to investments in equities or bonds, particularly in a bull … |
08 January 2020 | Report / study | Key figures for asset management in 2018 - Control systems in portfolio asset management companies In 2018, the number of employees working in compliance and internal control in the French asset management industry was practically stable compared with 2017. The number of person-days dedicated to this function rose slightly by 1.6%, from 124,920 to 126,978 between 2017 and 2018. Nevertheless, we observed another slight drop in the number of…… control function per billion euros of assets managed under collective investment schemes are the management companies … internal control per billion euros of assets managed under collective investment schemes (36 and 46 person-days … for asset management companies and self-managed collective investments [ 5 ] Non-group outsourcing, entrusted to an … |
05 December 2019 | Report / study | Key figures for asset management in 2018 - Investment management company assets under management After a steady increase in assets under management since 2013, the French asset management sector came up against unfavourable stock markets, an increase in the volatility index and lower key rates in 2018. Nevertheless, the impact of this context varied according to the type of instrument, product or assets managed. This report presents an…… under management in 2018 was the result of a drop in collective management as well as discretionary management. We … on one hand, a drop in the proportion of assets under collective management of nearly €131 billion, or 5.9% in one … type of ownership structure, we identify several types of investments: investments made in “in-house” UCIs, i.e. … |
26 November 2019 | News | UCITS and AIFs: policy update The Autorité des Marchés Financiers (AMF) is updating its policy relating to UCITS and AIFs in order to integrate recent national and European legislative and regulatory developments.… has published the update of five instructions relating to collective investment undertakings (CIU) in order to … 314-22 of the AMF General Regulation as part of its collective management activity; The possibility, introduced … review of promotional marketing materials on collective investments according to a risk-based approach. The update … |
14 November 2019 | Public statements | Speech by Robert Ophèle, AMF Chairman - Les Entretiens de l'AMF 2019 : « Sustainable Finance, a fashion trend or a springboard for tomorrow’s economy » - Thursday 14 November – Pavillon Cambon Check against delivery… choices), there is a lack of precise knowledge of the investments in question. It also revealed that investors have … the report we are now finalising on sustainable finance in collective management highlights the need for a policy on the … provided by management companies for the management of collective investments on their investment strategy and their … |
04 November 2019 | Report / study | Keys figures for asset management in 2018 - Overview of investment management companies After two years of stagnation, the number of authorised investment management companies in France at the end of 2018 increased slightly to 633.… the investment management companies manage at least one collective investment scheme 2 (2) , more than half (363) are … of investment management companies … Asset management … Collective investments … |
19 October 2019 | Bilateral MoU | FSB - 2000 - MoU on exchange of information 2000 - Memorandum of Understanding between the Commission des opérations de bourse (COB) and the Financial Services Board of South Africa (FSB)… excluding advisers), central securities depositories, collective investment schemes and provident institutions … of savings invested in financial instruments and all other investments offered to the public, the disclosure of … including commodity derivatives, units of undertakings in collective investment schemes and other financial products … |
30 September 2019 | AMF news release | The AMF joins forces with regulators worldwide to promote financial education and investor protection For the third year running, the Autorité des Marchés Financiers is taking part in World Investor Week, a week-long event promoted by the International Organisation of Securities Commissions (IOSCO) from 30 September to 6 October 2019.… misconceptions about investment, especially share investments, will provide investors with insight into … the national consumer institute and a web conference on collective investment schemes on 1 October. This year the AMF … |
25 September 2019 | Article | Our missions The Autorité des Marchés Financiers (AMF) regulates the French financial market place, its participants and the investment products distributed via the markets. It also ensures that investors are properly informed and and is a driving force behind regulatory change at both European and international levels. As an independent public authority, it…… to trading in financial instruments and in all other investments offered to the public Investors are properly … management companies, financial investment advisers) collective investment products invested in financial … |
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