03 January 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines the British company H2O AM LLP and two of its executives at the time of the facts for several breaches of their professional obligations In its decision of 30 December 2022, the Committee imposed fines on H2O AM LLP, Mr. Bruno Crastes and Mr. Vincent Chailley of respectively €75 million, €15 million and €3 million, each with a disciplinary sanction, for several breaches committed in the management of French funds relating to investments in financial instruments. … had notified the respondents of complaints relating to investments made by H2O AM LLP on behalf of 7 French UCITS … and Financial Code. These provisions primarily concern collective investment schemes, collective investment management companies and management … |
01 January 2023 | Policy | Position - Recommendation DOC-2007-25 The purpose of this Position-Recommendation is to answer questions that market professionals may have about the rules of conduct applicable to ISPs. It provides clarification on four topics: client categorisation, information provided to clients, agreements to be entered into, and suitability assessment. … 4.1. To what extent should an ISP advising a client on a collective investment with an active management objective … calculating tracking error) when determining whether collective investments are likely to be suitable for their clients’ … |
20 December 2022 | AMF news release | The AMF’s latest savings barometer finds that the French are a little less inclined to invest in the stock market The sixth edition of the Savings and Investment Barometer of the Autorité des Marchés Financiers (AMF) shows a drop in French people's equity investment intentions compared to last year, in a more uncertain economic environment. By contrast, French people who are already stock market investors are more optimistic. … not willing to accept a little more risk on part of their investments (versus 49% a year earlier). Only 27% would be … risk-averse individuals, who exclude all risk from their investments, is stable compared to last year at 42%; it was … in the stock market … Long term investment … Shares … Collective investments … |
19 December 2022 | Report / study | AMF Savings and Investment Barometer - 2022 The AMF Barometer asks the French about their preferences and perceptions in terms of investments, particularly with regard to equity investments. This 6th edition of the survey, which covers a sample of 2,000 people aged 18 and over interviewed from September 20 to October 10, 2022, highlights a decline in equity investment intentions, in a… … French about their preferences and perceptions in terms of investments, particularly with regard to equity investments. This 6 th edition of the survey, which covers a … and Investment Barometer - 2022 … Long term investment … Collective investments … Shares … Savings protection … |
19 December 2022 | Household Savings Newsletter | AMF Household Savings Newsletter - No. 50 - December 2022 This Letter presents the results of the sixth edition of the AMF Savings and Investment Barometer, which monitors the evolution of French people's investment attitudes and preferences. This edition highlights a decline in equity investment intentions, in a more uncertain economic context. … - No. 50 - December 2022 … Long term investment … Collective investments … Investment services … |
12 October 2022 | AMF news release | The AMF calls on investment fund depositaries to strengthen their arrangements for the onboarding and monitoring of asset management companies Following a series of short inspections of the practices of five depositaries of collective investments, the AMF has identified significant differences in the quality of the arrangements examined. It has outlined the good and poor practices observed in a summary document. … European UCITS V and AIFM Directives on Undertakings for Collective Investment in Transferable Securities (UCITS) and … on the obligations incumbent on the depositaries of collective investments when entering into a relationship with and … |
12 October 2022 | Spot Inspections | Summary of SPOT inspections on the obligations incumbent on the depositaries of collective investments when entering into a relationship with and monitoring their client asset management companies In accordance with the supervision priorities of the Autorité des Marchés Financiers, a series of "SPOT" short thematic inspections concerning the obligations incumbent on the depositaries of collective investments when entering into a relationship with and monitoring their client asset management companies were carried out in the period from… … on the obligations incumbent on the depositaries of collective investments when entering into a relationship with and … the obligations incumbent on the depositaries of collective investments when entering into a relationship with … |
26 July 2022 | Policy | Instruction DOC-2010-09 … risks relating to miscellaneous assets and atypical investments 7.2 3 C Various types of equities and their … market (digital-asset service providers) and marketing. 8. Collective investment management/ Third-party management 8.1 … The European directives: AIFM, UCITS and MMF 8.5 3 C Collective investment management instruments and … |
11 July 2022 | Retail investors dashboard | The Active Retail Investor Dashboard - No.7 - July 2022 The Active Retail Investor Dashboard provides quarterly updates on individuals who have carried out at least one transaction on financial instruments in the past three months. … - No.7 - July 2022 … Shares … Long term investment … Collective investments … |
29 June 2022 | Household Savings Newsletter | AMF Household Savings Observatory Newsletter - No. 49 - June 2022 As every year, the AMF Household Savings Observatory Newsletter describes the evolution of securities holding. Kantar's SoFia survey shows a stability in the reported holding rate of shares directly. However, this overall stability means a rejuvenation of the population of individual shareholders. … - No. 49 - June 2022 … Shares … Long term investment … Collective investments … |