08 January 2026 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company and its directors for breaches of their professional obligations In its decision of 31 December 2025, the Enforcement Committee imposed fines of €200,000, €70,000 and €35,000 respectively on M Capital Partners and its directors, Rudy Secco and Stéphanie Minissier, for breaches of several professional obligations between August 2019 and December 2023.… also found that the management company was not in compliance with its investment procedure and that it was … |
07 January 2026 | News | AIFM II: the AMF updates its doctrine to make introducing liquidity management tools easier for UCITS and AIFs In the context of the entry into force of the provisions of the AIFM II Directive, which apply to both AIF investment management companies and UCITS managers, the AMF is introducing a transitional regime for authorisation and the information to be provided to unitholders, in order to facilitate the introduction of the liquidity management tools…… legal documentation to the ROSA database; for gates, compliance with the conditions set out in AMF Instruction … |
30 December 2025 | Policy | Position DOC-2025-02 - EBA guidelines on internal policies, procedures and controls to ensure implementation of restrictive measures The AMF applies the European Banking Authority (EBA) Guidelines on internal policies, procedures and controls to ensure implementation of Union and national restrictive measures (the 2024/15 Guidelines). In particular, these guidelines specify the requirements applicable to the internal policies, procedures and controls that CASPs (and DASPs…… the above-mentioned market participants with regard to compliance with their obligations under Regulation (EU) … |
22 December 2025 | Enforcement Committee news releases | AMF Enforcement Committee fines the depositary CACEIS Bank for breaches of its professional obligations In its decision of 17 December 2025, the Enforcement Committee imposed a fine of €3.5 million on CACEIS Bank and issued it with a warning in relation to several breaches committed in its capacity as depositary for the funds managed by H2O.… of H2O's investment decisions, and in particular H2O's compliance with a number of constraints set out in the fund … securities, the nature of the derivatives acquired, and compliance with the control ratio for bonds under which a … |
18 December 2025 | Article | Obtaining a DASP registration/optional licensing Do you want to know in which cases registration with the AMF as a Digital Asset Service Provider (DASP) is mandatory? To obtain an optional licensing? You will find all the information on the subject here, together with the list of registered DASPs and the list of DASPs licensed by the AMF.… and competence of the managers and beneficial owners; compliance by the DASP with the regulations on combating … other irregular means (hereinafter, "withdrawal for non-compliance with the registration requirements") (ii) ex … cessation of activity"). In the case of withdrawal for non compliance with the registration requirements or lack of … |
18 December 2025 | Policy | Instruction DOC-2011-20 - … management of multiple changes Annex X - Prime broker compliance letter template Annex XI - Notification form: … 1 Files an authorisation application for an AIF 2 Checks compliance of the application Acknowledges receipt of the … applicant May reject the application in the event of non-compliance with the fast-track authorisation process for a … |
18 December 2025 | Policy | Instruction DOC-2011-19 - … 62 Annex X – Model prime broker compliance letter … 1 File an authorisation application for a UCITS 2 Compliance verification Acknowledgement of receipt of the … Possible rejection of the application in the event of non-compliance with the authorisation procedure for a … |
18 December 2025 | Policy | Instruction DOC-2011-21 - … application for an employee investment undertaking 2 Compliance verification Acknowledgement of receipt of the … Commitment by the asset management company to ensure compliance with its programme of activity x Delegation to a … Commitment by the asset management company to ensure compliance with its programme of activity - Guarantor x x … |
18 December 2025 | Policy | Instruction DOC-2011-22 - … application for a retail private equity investment fund 2 Compliance verification Acknowledgement of receipt of the … in the light of its analysis of the proposed change’s compliance, this application will be the subject of a … accounting Commitment by the management company to ensure compliance with its programme of operations - Guarantor X x … |
18 December 2025 | Policy | Instruction DOC-2011-23 - … a real estate collective investment undertaking 2 Checks compliance of the application Acknowledges receipt of the … delegation Commitment of the management company to verify compliance with its programme of activity External valuers x … application for a change subject to pre-approval 2 Checks compliance of the application Acknowledges receipt of the … |
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