21 October 2022 | AMF news release | Significant drop in the number of active retail investors amid a stock market downturn The AMF's Active Retail Investor Dashboard shows the number of individuals who made at least one purchase or sale in equities in the third quarter of 2022 has declined by one third compared to the second quarter.… approach and held their positions. The number of equity buyers also fell, by 19% to 485,000, its lowest level … significantly below the number of buyers. In terms of equity transactions, retail investor activity also declined, … |
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 … number of candidates for such simplifications in the non-equity pre-trade transparency rules as well as the post-trade … by trading venues competing against each other to attract equity volumes. By mandating the minimum difference between … rules, where previously there were sometimes none. In the equity space, the Share Trading Obligation (STO) was a way to … |
13 October 2022 | AMF news release | The AMF publishes a study on the share price performance of companies using dilutive financing in the form of OCABSAs or equity lines The AMF has analysed the stock market behaviour of 69 companies that have used highly dilutive types of financing. Based on the findings of this study, it is reiterating its warnings to the various market participants and retail investors.… using dilutive financing in the form of OCABSAs or equity lines … In recent years, the AMF has observed an … in listed companies that use financing in the form of equity lines or OCABSAs (bonds convertible into shares with … than 200 complaints so far this year. In their search for equity financing, some listed companies may resort to … |
11 October 2022 | AMF news release | The AMF awards its 2022 prize for young researchers in economics The AMF launched the Young Researcher Award in 2015 to support academic research on topics related to regulation and the financial markets. The AMF prize rewards two researchers this year: Hava Orkut, Associate Professor in Finance at EM Strasbourg Business School, and Noémie Pinardon-Touati, Assistant Professor in the Economics Department at…… with a focus on the participation of retail investors in equity markets. In particular she analyses the responses to … |
07 October 2022 | News | The AMF updates its doctrine to facilitate the adoption of liquidity management tools Further to the public consultation held in February 2022 on enhanced requirements for liquidity management tools, the AMF has published an update to its policy to clarify its requirements for the operation of these tools in collective investment undertakings (CIUs).… collective investment undertakings and certain private equity funds open to subscriptions and redemptions at the … real estate collective investment undertakings, private equity funds) and professional investors (professional specialised funds, professional private equity investment funds and securitisation vehicles). … Next … |
15 September 2022 | AMF news release | The AMF creates a working group on equity savings plans (PEAs) The AMF Board has decided to look into the difficulties encountered by some retail investors in using their equity savings plans (PEAs). The working group will identify the most contentious issues and propose solutions.… The AMF creates a working group on equity savings plans (PEAs) … PEA-related complaints doubled … encountered by some retail investors in using their equity savings plans (PEAs). The working group will identify … and propose solutions. The AMF creates a working group on equity savings plans (PEAs) … … |
01 August 2022 |
| Article 321-76 Book III - Service providers > Title I ter - Asset management companies of UCITS > Chapter III - Organisational rules > Section 11 - Risk management… variables, such as interest rates, foreign exchange rates, equity and commodity prices, or an issuer's creditworthiness; … variables, such as interest rates, foreign exchange rates, equity and commodity prices, or an issuer's creditworthiness; … |
28 July 2022 | AMF news release | The AMF is conducting a consultation on the end of life of private equity funds intended for retail investors The AMF is conducting a consultation in order to adapt the regulatory framework of the end of life of private equity funds intended for retail clients, with a view to strengthening investor protection and creating a framework facilitating compliance with the initial liquidation dates of these funds.… is conducting a consultation on the end of life of private equity funds intended for retail investors … The AMF has observed that the announced life of private equity funds intended for retail clients, whose compliance is … for non-professional clients. The end of life of private equity funds can be divided into three successive stages: … |
26 July 2022 | Policy | Instruction DOC-2010-09 … investors: retail investment funds (FIVG), retail private equity investment funds (FCPR), retail venture capital … |
08 July 2022 | AMF news release | The AMF publishes its 2022 Markets and Risk Outlook Against the backdrop of war in Ukraine and a resurgence in health risks, the 2022 edition notes increased economic and financial risks: inflationary pressures, acceleration of monetary policy normalisation, pressure on corporate solvency, and a financial market repricing.… under management, also driven by the growth in private equity funds, reached levels similar to those seen before 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