12 February 2024 | News | The European single access point for financial and non-financial information on European entities (ESAP) enters its implementation phase The ESAP regulation and associated texts have been published in the Official Journal of the European Union. The regulation provides for the access point to be operational from 10 July 2027 at the latest. Some of the technical characteristics of the project are submitted to public consultation until 8 March 2024. … data to be extracted, and by making it possible to define obligations to deposit information in machine-readable … Regulation) Regulation (EU) 2019/2088 (Sustainable finance disclosure regulation) Directive 2009/65/EC (UCITS) … |
07 February 2024 | In-depth | CSRD sustainability reporting: preparing for the new requirements The European directive on Corporate Sustainability Reporting (CSRD) and its mandatory European Sustainability Reporting Standards (ESRS) gradually apply as of January 2024. In line with its approach of providing support for listed companies, the AMF proposes a few points that listed companies could consider for the preparation and correct… … of ESG data are met to comply with their own reporting obligations. The CSRD amends four existing European … to ensure a good understanding of the numerous disclosure requirements (nature of expected qualitative and … … The durability standards include a large number of disclosure requirements ("DR") and qualitative or … |
02 February 2024 | Professional guide | Fees and contributions to the AMF This guide presents the system of fees and contributions payable to the AMF by service providers, asset management companies, issuers and their shareholders. It also includes the practical procedures for paying these fees and contributions. … and issuers … Fees and contributions to the AMF … Disclosure Obligations … AMF activity … |
30 January 2024 | Enforcement Committee news releases | The AMF Enforcement Committee fines seven people, four for price manipulation and three for failing to comply with reporting obligations In its decision of 24 January 2024, the Enforcement Committee imposed fines of between €400,000 and €2,000,000 on Grantchester Equity Ltd, Mr Miron Leshem, Mr Dirck Van Wylick and Mrs Aude Planche for manipulating the share price of Gour Medical, Umalis Group and/or CIOA, which are listed on Euronext Access. It also imposed fines of between €25… … and three for failing to comply with reporting obligations … The Committee found that the same scheme, … Equity Ltd and its chairman, Mr Leshem, had breached their obligations by devising the manipulative strategy and … with reporting obligations … Sanctions & settlements … Disclosure Obligations … |
27 December 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines a former manager of a listed company for failing to disclose inside information as soon as possible and for failing to disclose major shareholdings In its decision of 21 December 2023, the Committee imposed a fine of €50,000 on Christophe Sapet, former Chairman of the Management Board of a listed company. … disclose major shareholdings … Sanctions & settlements … Disclosure Obligations … |
20 December 2023 | News | Changes to CIU authorisation and declaration processes The ROSA extranet, which is intended to replace the current GECO extranet, will further digitalise interactions between the AMF and investment management companies. Launched for portfolio management companies in early 2021, this tool will be operational for collective investment undertakings in early 2024. With this in mind, the AMF is updating… … procedure for investment management companies, disclosure obligations and passporting AMF Instruction DOC-2008-03: … |
20 December 2023 | Policy | Position - Recommendation DOC-2020-03 Position-Recommendation DOC-2020-03 sets out the information on the consideration of non-financial criteria that French collective investment undertakings and foreign UCITS authorised for marketing in France may disclose. These provisions are described for the various regulatory documents (key investor information documents, prospectus) and… … non-financial approaches … Professional investors UCIT Disclosure Obligations Collective investments Policy … Textes de … on the outcome of the work on the delegated acts of the "Disclosure Regulation"6. Pursuant to the article 11 of this … |
14 December 2023 | Policy | Recommendation DOC-2012-02 … various measures for simplifying and clarifying companies’ disclosure requirements and Order No. 2017-1042 of 7 July … This translation is for information purposes only − the obligations to hold shares resulting from the exercise of … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … position – Terms and conditions for the implementation of obligations pertaining to accounts reporting to the AMF in … the existing obligations and introduces new ones: disclosure of costs and charges, product governance, a ban on … the existing obligations and introduces new ones: disclosure of costs and charges, product governance, payments … |
25 October 2023 | AMF news release | Regulatory reporting by asset management companies: the AMF calls for greater diligence The AMF has published the results of a SPOT (Supervision of Operational and Thematic Practices) inspection campaign on the processes of preparing, verifying, and transmitting regulatory reports to the AMF. The findings show that management companies need to be more diligent about the quality of the data they submit. … asset management companies are subject to reporting obligations to the AMF, pursuant to the national regulations … of this process, they are required to submit an annual disclosure sheet to the regulator, together with an annual … |