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 … |
26 May 2023 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair, The AMF: "a pivotal position at the heart of financial regulation" - General Assembly of the French Association of Corporate Treasurers - 20 April 2023 … demonstrating agility and responsiveness, ensuring full compliance with regulations without reading them too … this agility must not be pursued at the expense of compliance with regulations. The AMF has a well-established … a recognised and credible point of reference that ensures compliance with the European and national legal framework. In … |
16 May 2023 | Policy | Instruction DOC-2014-01 … obligations incumbent on them, especially as regards the compliance function and personal trading. Concerning client … obligations incumbent on them, especially as regards the compliance function and personal trading. Concerning client … obligations incumbent on them, especially as regards the compliance function and personal trading. Concerning client … |
08 May 2023 | | Article 441-2 Book IV - Collective investment products > Title IV - Miscellaneous assets … L. 551-3 of the Monetary and Financial Code and proof of compliance with the requirements set forth in Article 441-1 , … L. 551-3 of the Monetary and Financial Code and proof of compliance with the requirements set forth in Article 441-1 , … |
03 May 2023 | News | The AMF revises position limits applicable to agricultural commodity derivatives Following the April 20, 2022 amendment of European Commission Delegated Regulation 2022/1302 supplementing Directive 2014/65/EU on markets in financial instruments (MiFID2), the AMF has revised the position limits applicable to agricultural commodity derivatives positions traded on Euronext Paris Matif. … established at the European level, ESMA has confirmed the compliance of these limits with the new regulation. The limit … |
03 May 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines a portfolio asset management company and its manager for breaches of their professional obligations In its decision of 24 April 2023, the Enforcement Committee handed down a warning and a fine of €200,000 to the portfolio asset management company Melanion Capital, and a warning and a fine of €150,000 to its manager, Mr Jad Comair. … concerned the portfolio asset management company's compliance with the conditions of its authorisation with … internal control mechanisms or an effective and permanent compliance function. The third series of breaches concerned … obligations … Sanctions & settlements … Asset management … Compliance … Anti-money Laundering … |
27 April 2023 | AMF news release | Provision of market data: the AMF conducts a series of SPOT inspections and identifies shortcomings in compliance with requirements The AMF has published a summary of the findings of a series of short, thematic inspections of four firms providing market data. Four years after the entry into force of the obligations imposed by the Markets in Financial Instruments Regulation (MiFIR), the AMF has identified shortcomings in their compliance with the requirements of the European… … series of SPOT inspections and identifies shortcomings in compliance with requirements … Market data is of great … on behalf of third parties. It also serves to ensure compliance with regulatory requirements relating to risk … more trading venues. The main objective was to verify the compliance of the four firms with the regulatory requirements … |
26 April 2023 | News | Crypto-asset markets: the MiCA regulation adopted by the European Parliament The European regulation on crypto-asset markets ("Markets in Crypto-Assets" or "MiCA") was adopted by the European Parliament on Thursday 20 April. The Autorité des Marchés Financiers (AMF) is preparing the transition towards MiCA and is contributing to the drafting of the implementing technical standards and guidelines that are to be published by… … provisions of national law to ensure their consistency and compliance with MiCA. In consultation with stakeholders, the … |
18 April 2023 | In-depth | AMF Examination: Test of Minimum Knowledge Who are the professionals concerned by the test of minimum knowledge regarding the financial, regulatory and ethical environment? What is the difference for employees between the internal test and the AMF examination? Find all the useful information here. … issuers; Financial analyst; Financial instrument trader; Compliance and Internal Control Officer (RCCI); Investment Services Compliance Manager (RCSI). The test of the employee's minimum … |
14 April 2023 | Ombudsman’s Blog | Companies under court-ordered liquidation: what can you do with worthless securities in your portfolio? As I have already discussed in previous issues, I regularly receive requests from clients wishing to transfer or close their securities account and who find it difficult to do so because their portfolio contains securities whose issuer is in court-ordered liquidation. My past intervention has resulted in some progress, in particular with regard to… … 150-O D, 12 para. 2 of the General Tax Code and subject to compliance with the procedure set out in Article 74-0 G of … |