09 March 2026 | Report / study | Typology of participants on the french equity market As part of its market surveillance activities, the Autorité des Marchés Financiers (AMF) has examined, over the period 2019-2024, changes in the typology of participants (asset management companies, banks, issuers, retail investors) in the French equity market, as well as the evolution of their investment behaviours. … intensification of share buyback programmes following the Covid period. In 2024, net purchases carried out by issuers … carried out on behalf of clients mechanically offset 19 Data from the UK regulator have not been included within … presence in the equity market increased sharply from the Covid period, with their share in net balances rising from … |
26 January 2026 | Policy | Recommendation DOC-2018-06 - … 11 4.9. Avantages au personnel (IAS 19) … 2016 - §1.6. Présentation des effets de la pandémie de covid-19 et principe de permanence des états financiers 2020 - … (dans un contexte d’incertitudes élevées liées à la Covid-19) … |
03 October 2025 | AMF news release | The Banque de France, the ACPR and the AMF launch a first system-wide stress test on interconnections within the financial system The Banque de France, the Autorité de Contrôle Prudentiel et de Résolution (French Prudential Supervisory and Resolution Authority) and the Autorité des Marchés Financiers (AMF) are jointly launching a ‘system-wide’ exploratory stress test exercise with the main French financial institutions. This exercise is being conducted within a robust… … and American markets in March 2020, at the start of the Covid-19 pandemic; on the energy markets at the end of 2021 and in … and American markets in March 2020, at the start of the Covid-19 pandemic; on the energy markets at the end of 2021 and in … and American markets in March 2020, at the start of the Covid-19 pandemic; on the energy markets at the end of 2021 … |
29 August 2025 | Annual Report | 2024 AMF Annual Report The 2024 Annual Report looks back at the AMF's actions and its contribution to the discussions carried out at national, European and international levels, in line with the strategic priorities it has set for 2024. It also presents all the key figures and highlights on all of its missions. … operating in France without the required registrations. 19 Mobilisation of the The Paris Public Prosecutor's Office, … timeframe of which was impacted by measures linked to the Covid-19 pandemic. 892024 ANNUAL REPORT - AUTORITÉ DES … tests. In March 2020, a few days after the start of the Covid-19 pandemic lockdown, its CEO gave an interview to a … |
14 November 2024 | Report / study | Stock market drops: what are the characteristics, consequences, and possible causes of this phenomenon? While the CAC40 index is trading near its historical highs, certain stocks within the French index have experienced spectacular declines in recent months. Using transactions reporting, in this study, the AMF examined at both the potential consequences for stocks whose price has fallen sharply, and the possible causes of the phenomenon. … with the notable exception of the early stages of the Covid-19 crisis in 2020. In the remainder of this document, the … in 2020 and 2021 (which can partly be explained by the Covid- 19 crisis context), - but for the years 2018, 2019, … |
30 July 2024 | Enforcement Committee news releases | AMF Enforcement Committee fines Biosynex, its CEO and several of its directors a total of €930,000 In its decision of 25 July 2024, the Enforcement Committee imposed fines of between €50,000 and €300,000 on Biosynex, and four of its directors and their holding companies for breaches relating to Biosynex's financial communications, insider trading and breaches of reporting obligations. … tests. On 20 March 2020, a few days after the start of the Covid-19 pandemic lockdown, Larry Abensur, CEO of Biosynex, was … believed it would be in a position to distribute the first Covid-19 diagnostic tests in France, in early or mid-April … tests. On 20 March 2020, a few days after the start of the Covid-19 pandemic lockdown, Larry Abensur, CEO of Biosynex, … |
15 July 2024 | Report / study | 2024 Markets and Risks Outlook The AMF publishes its 2024 Markets and Risk Outlook, its annual description of trends and assessment of vulnerabilities and their impact on the financing of the economy, markets, investment funds and household savings. … to erode, current cash levels are still higher than pre-Covid crisis levels and the margin rate of French SMEs has … expectations in terms of financial investments: while the Covid crisis had accentuated the preference for bank … in both private and public debt as a result of the Covid-19 crisis and the impacts of the Ukrainian crisis (tariff … |
21 December 2023 | Spot Inspections | Summary of SPOT inspections on asset management companies' cybersecurity measures No. 3 - 2023 As announced in its supervisory priorities for 2023, the Autorité des Marchés Financiers (AMF) has conducted a 3rd SPOT (Supervision of Operational and Thematic Practices) inspection campaign of the cybersecurity systems of 5 asset management companies (AMCs). This work is a continuation of the work carried out in 2019 and 2020 within the context… … cybersecurity system .................................. 19 5.2.1. Mapping sensitive data and systems … 19 5.2.2. Set of procedures of the general cybersecurity … cybersecurity was conducted in 2020 in the context of the Covid-19 pandemic. It highlighted the increased visibility of … |
01 December 2023 | Report / study | Flow-Performance relationship of French bond funds This study aims at measuring the sensitivity of subscription/redemption flows to funds’ past performance, and at analysing the various parameters that can influence the intensity of this reaction. … on the flow-performance relationship and use the Covid-19-related crisis to study the stability of the relationship … and forced sales). The market tensions observed during the COVID-19 pandemic provide an opportunity to empirically … |
09 November 2023 | AMF news release | An OECD study for the AMF profiles new French retail investors In order to gain a better understanding of retail investors who have started to invest in the markets since 2020, the Autorité des Marchés Financiers (AMF) has requested the support of the European Commission, which has designated the Organisation for Economic Co-operation and Development (OECD) to assist it in its efforts to target this audience… … of France, began investing after the start of the COVID-19 pandemic. The majority of these new investors are men … of France, began investing after the start of the COVID-19 pandemic. The majority of these new investors are men … of France, began investing after the start of the COVID-19 pandemic. The majority of these new investors are … |
