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…… and AIFs … Within the framework of a Common Supervisory Action coordinated by the European Securities and Markets … management companies valued the less liquid assets (corporate bonds, real estate assets and unlisted equities) … and the other five for their significant investments in corporate debt issued by non-financial companies. Nine of the … |
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 … - General Assembly of the French Association of Corporate Treasurers - 20 April 2023 … Check against delivery … your association and the importance of the role played by corporate treasurers, who maintain excellent relations with … maintain its high standards. European and international action Our vision of regulation is based on our supervisory … |
23 February 2023 | Ombudsman’s Blog | Mini-tender offers for US equities: watch out for traps! Certain unregulated corporate actions relating to companies listed in the United States, called "mini-tender offers", may have been sent on by French account-keepers to French shareholders holding such US securities. However, when investigating the case that I will present to you this month, I noted that one of them was inevitably unfavourable for…… the following disclaimer always appeared in its notices of corporate action: … also stressed that the warning appearing on the notice of corporate action ("OST") sent to its clients appeared to me … |
17 January 2023 | News | Publication of the new directive on corporate sustainability reporting (CSRD) The current Non-Financial Reporting Directive (NFRD) will soon be replaced by a new and more ambitious directive, the Corporate Sustainability Reporting Directive, known as the “CSRD”((EU) 2022/2464). This text will progressively enter into application starting on 1st January 2024. In order to accompany companies in the application of this new…… Publication of the new directive on corporate sustainability reporting (CSRD) … Main provisions … companies form part of the European Commission Green Deal action plan to strengthen the sustainable finance framework. … be replaced by a new and more ambitious directive, the Corporate Sustainability Reporting Directive, known as the … |
09 January 2023 | AMF news release | The AMF has published its action and supervisory priorities for 2023 On the occasion of her New Year address to the press, AMF Chair Marie-Anne Barbat-Layani presented the AMF’s priorities for the coming 12 months. These include working to enhance retail investor protection and pursuing its commitment to sustainable finance and financial innovation.… The AMF has published its action and supervisory priorities for 2023 … "The AMF is the … European anti-money laundering authority. … Priorities for action … The AMF's priorities for action in 2023 focus on … the financial market to prepare for implementation of the Corporate Sustainability Reporting Directive (CSRD). It will … |
21 October 2022 | AMF news release | The AMF issues a request for candidates for its consultative commissions The AMF is renewing its five consultative commissions and is looking for new profiles and expertise to help inform the Board's decisions on changes to regulations and practices of professionals, listed companies or retail investors. Applications may be submitted until 14 November 2022.… renewable term, and focuses on a specific area of AMF action: the purpose of the Retail Investors Consultative … of their interests; the purpose of the Disclosures and Corporate Finance Consultative Commission is to assist the … would also be appreciated; for its Disclosures and Corporate Finance Commission, it is looking for expertise in … |
17 October 2022 | Ombudsman’s Blog | Transfer of a retirement savings plan (PER): when incomplete information results in a blockage situation The PACTE Law of 2019 made it possible to transfer various existing retirement savings products, e.g. from an old scheme to the new retirement savings plan (PER), including the collective corporate PER (called PERECO or PERCOL), which replaces the former PERCO. Precise information is demanded regarding the history and category of the amounts…… jurisdiction of the AMF Ombudsman, who can in no case take action when the implicated party is an insurance company, but … retirement savings plan (PER), including the collective corporate PER (called PERECO or PERCOL), which replaces the … retirement savings plan (PER), including the collective corporate PER (called PERECO or PERCOL), which replaces the … |
26 July 2022 | Policy | Instruction DOC-2010-09 … performance reporting, governance and compensation, corporate purpose Non-financial rating: "non-financial rating … European regulations, EMIR, SDR. 11. Issuance and corporate actions 11.1 1 C Characteristics of primary … this respect, it undertakes to defend the AMF against any action taken against it for copyright infringement arising … |
19 July 2022 | Enforcement Committee news releases | The AMF Enforcement Committee fines one natural person and five legal entities, including an investment management company, for failing to comply with several reporting obligations in relation to a concerted action carried out in the context of a part... Please note that the French version of this press release was published on 12 July 2022.In its decision of 11 July 2022, the Committee imposed financial penalties of €600,000 on Mr Christian Burrus, €200,000 on each of the insurance companies AFI ESCA, AFI ESCA Holding, AFI ESCA IARD and AFI ESCA Luxembourg, and €400,000 on management company Dôm…… several reporting obligations in relation to a concerted action carried out in the context of a part... … The … or indirectly, by Mr Burrus, who was also the executive corporate officer of AFI ESCA Holding, AFI ESCA and AFI ESCA … several reporting obligations in relation to a concerted action carried out in the context of a takeover bid and, in … |
02 June 2022 | Public statements | Keynote speech by Robert Ophèle, AMF Chairman - WFC2022 Conference organized by ECSDA: "Contribution of Central Securities Depositories to local and global economies" - 30th May 2022 … as collateral management services or administration of corporate actions and redemptions, contribute to enhancing … of cross-border settlement services at the core of its CMU Action Plan and it is supposed to be the main purpose 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