15 September 2023 | 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 5 September 2023, the Enforcement Committee imposed a fine of €90,000 and a warning on Horizon Asset Management. It also imposed financial penalties of €30,000 and €15,000 respectively on its Chairman and its Managing Director, who was responsible for compliance and internal control at the time of the events. … provider it had appointed in a position to carry out the compliance and internal control tasks it had entrusted to it. … to its chairman and its managing director in charge of compliance and internal control at the time of the events … and its Managing Director, who was responsible for compliance and internal control at the time of the events. … |
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 benefit of this certificate in the event of non-compliance with the rules of the Consumer Code on … |
30 July 2023 | | Article 721-7 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… … services provider is an investment services provider, the compliance system referred to in Article 312-1 shall include … services provider is an investment services provider, the compliance system referred to in Article 312-1 shall include … |
01 January 2024 | Policy | Recommendation DOC-2020-07 … In any case, the DASP continues to be responsible for compliance with its obligations. 4. QUESTIONS RELATING TO THE … the application of AML-CTF regulations, risk management, compliance, internal control or monitoring of a trading … would materially impair the DASP's capacity for continuing compliance with the conditions and obligations of its license … |
17 July 2023 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair – Publication of 2022 annual report AMF and the strategic guidelines for the period 2023-2027 – Monday 26 June 2023 … We will also supervise satisfactory implementation and compliance with the European Regulation on Markets in … |
04 July 2023 | AMF news release | The AMF examines the systems for valuation of the less liquid assets of UCITS and AIFs As part of a Common Supervisory Action on the European level, the Autorité des Marchés Financiers (AMF) surveyed investment management companies on how they value the less liquid assets in their portfolios. The AMF performed inspections for 10 of them, invested in real estate assets or corporate bonds. In a summary document, it draws the lessons… … several members of their teams (Risk, Asset Management, Compliance, senior management, etc.) and the independent … the valuation of the assets does appear clearly in the compliance and internal control plans. However, shortcomings … |
26 June 2023 | AMF news release | Impact 2027: six main strategic guidelines for 2023-2027 Marie-Anne Barbat-Layani, AMF Chair, presents the AMF's strategic guidelines for the coming years: be a demanding regulator for a leading financial centre, conduct strong international action, protect retail investors, promote more sustainable finance and support innovation. The AMF will also maintain an internal priority, as an essential basis… … close attention to the relevant actors’ application of and compliance with the European regulation on markets in … |
12 June 2023 | AMF news release | The AMF publishes a summary on the internal processes that aim to ensure compliance with non-financial contractual commitments by asset management companies of ESG/SRI funds The Autorité des Marchés Financiers has published a summary of a study and its findings following a series of short thematic inspections called SPOT. The study analyses the responses to a detailed questionnaire from 176 generalist portfolio asset management companies (AMCs) that have at least one contractual non-financial commitment for at least… … a summary on the internal processes that aim to ensure compliance with non-financial contractual commitments by … the second quarter of 2022 to understand how they monitor compliance with ESG/ISR commitments for their funds open as … with regard to the exclusion of issuers; the monitoring of compliance with commitments; information provided to … |
12 June 2023 | Spot Inspections | Summary of SPOT inspection on compliance with non-financial contractual commitments by portfolio asset management companies As announced by the Autorité des Marchés Financiers (AMF) in the presentation of its supervisory priorities for 2022, it has conducted a study and a SPOT inspection campaign (Supervision des Pratiques Opérationnelle et Thématique - operational and thematic supervision of practices) on compliance with non-financial contractual commitments by funds … … Summary of SPOT inspection on compliance with non-financial contractual commitments by … - operational and thematic supervision of practices) on compliance with non-financial contractual commitments by … sample of AMCs. The AMF also assessed the level of compliance of these practices with the AMCs’ regulatory … |
01 June 2023 | AMF news release | The AMF Ombudsman publishes her 2022 Annual Report Marielle Cohen-Branche, Ombudsman of the Autorité des Marchés Financiers (AMF), has presented her latest annual report at a press conference. The number of requests sent to her remained very high and the number of recommendations proposed reached an unprecedented level. Disputes relating to "PEA" personal equity savings plans, especially… … to the applicants (54%) and obtained a high rate of compliance: 95% of the recommendations favourable to retail … |