01 January 2023 | | Article 421-13 Book IV - Collective investment products > Title II - AIFS > Chapter I - General provisions > Section 1 - Procedure for marketing and pre-marketing of AIFs > Sub-section 1 - Marketing procedure in France > Paragraph 2 - Procedure for marketing aifs in france to retail investors … in the sphere of finance other than French, subject to compliance with the conditions stipulated by III of Article … in the sphere of finance other than French, subject to compliance with the conditions stipulated by III of Article … |
29 December 2022 | Article | Obtain a trading venue authorisation The market operator or investment firm operating a trading venue is supervised jointly by ACPR and AMF. The trading venue authorisation file to be provided to the French authorities is constituted of the items required by MiFID2 and the related technical standards as well as by the French regulatory framework. … licence to the operator of a trading venue, AMF checks the compliance with the regulatory framework, approves the … |
23 December 2022 | Enforcement Committee news releases | The AMF Enforcement Committee fines a portfolio asset management company for breaches of its professional obligations In its decision of 21 December 2022, the Enforcement Committee imposed a fine of €150,000 on Inocap Gestion, a portfolio asset management company. … company had failed to establish and maintain an effective compliance function to manage this type of risk. The … on the list of prohibited securities, and that the compliance and internal control officer had breached his … |
21 December 2022 | News | Digital assets: the AMF strengthens its policy on DASPs in relation to good repute and skills and promotional communications The Autorité des Marchés Financiers (AMF) has revised its policy (Position-Recommendation AMF DOC-2020-07 and Instruction AMF DOC-2019-23) on the regime of digital asset service providers (DASP) mainly in order to clarify expectations in terms of good repute and skills of the senior managers and holders of the control of the DASPs.
The AMF… … The method of provision without license implies compliance by the FIA with the rules of good conduct … article of the French Consumer Code, it shall ensure compliance with the requirements set out in the provisions of … |
14 December 2022 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair - AMF Annual Conference 2022: "New marketing practices for savings products" - Tuesday 22 November 2022, Pavillon Cambon … also raises questions in terms of control of regulatory compliance. Some players are not established in France, but … |
24 November 2022 | News | The AMF is supplementing its policy on liquidity management tools Following an update of its policy to clarify its requirements for the operation of liquidity management tools in collective investment undertakings (CIUs) and the approval of the amendments to its General Regulation, the Autorité des Marchés Financiers (AMF) has published a second update of its policy on liquidity management tools. … informing investors and making managers accountable for compliance with their professional obligations in terms of … |
14 October 2022 | Public statements | Speech by Benoît de Juvigny, AMF Secretary General - AFME’s 6th Annual European Compliance and Legal Conference – 13 October 2022, Amsterdam … AMF Secretary General - AFME’s 6th Annual European Compliance and Legal Conference – 13 October 2022, Amsterdam … to participate in this 6th edition of AFME’s European Compliance and Legal conference. It is a real pleasure to be … AMF Secretary General - AFME’s 6th Annual European Compliance and Legal Conference – 13 October 2022, Amsterdam … |
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. … the fund manager's decisions concerning the fund, such as compliance with investment and asset composition rules, the … observes that there is still room for improvement in the compliance of the institutions audited, with significant … |
28 September 2022 | AMF news release | AMF and ACPR announce the withdrawal of BYKEPS SAS’s registration as a DASP The Board of the Autorité des Marchés Financiers (AMF) decided on 27 September 2022 to withdraw the registration obtained by BYKEP SAS as a digital asset service provider (DASP), with immediate effect. The procedure was initiated following an on-site inspection carried out by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), which… … ACPR within the company from May 2022, in order to verify compliance with the conditions of its registration as a DASP, … |
30 August 2022 | AMF news release | The AMF publishes a summary of its SPOT inspections on simple, transparent and standardised securitisation Three years after the entry into force of rules to manage the development of the securitisation market in Europe, the AMF has examined the practices of five sponsors, originator and arranger. It urges investment service providers to improve the quality of their “simple, transparent and standardised securitisation” labelling and control systems. … in advance and that the AMF is informed. The AMF examined compliance with these specific labelling and reporting … |