16 January 2025 | In-depth | The Regulation on a Pilot Regime for market infrastructures based on distributed ledger technology As part of a series of measures related to digital finance in Europe (Digital Finance Package), Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (Pilot Regime Regulation, or PRR) allows existing or new market infrastructures to use distributed ledger technology (DLT) in a simplified… … criteria are publicised and that the prices and fees charged for the settlement services provided are … |
15 January 2025 | 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. … the previous year. For more information, see the guide on fees and contributions due to the AMF (in French only) guide on fees and contributions due to the AMF (in French only) … List … |
13 January 2025 | Warning | The AMF warns the public about the fraudulent Forex investment offering on the LIVAXXEN trading platform On 7 October 2024, the Autorité des Marchés Financiers (AMF) added the www.livaxxen.com trading platform to its Forex blacklist. Despite this entry, the AMF continues to receive a large number of reports and complaints from retail investors about this fraudulent investment offering. … their supposed earnings, LIVAXXEN demands they pay fees of several thousand euros. The average loss reported to … |
30 December 2024 | Policy | Position - Recommendation DOC-2020-03 - Information to be provided by collective investment schemes incorporating non-financial approaches 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… … economic performance, including income from interest and fees, gains and losses from price movements, and credit … |
19 December 2024 | Article | AMF Household Savings Observatory The AMF’s Observatory tracks the household savings market. It monitors the evolution of preferences, attitudes and perceptions of French savers and investors. It is interested in the promotional communication regarding investments products, the fees applied and the various distribution channels. … communication regarding investments products, the fees applied and the various distribution channels. AMF … communication regarding investments products, the fees applied and the various distribution channels. … AMF … Observatory … Long term investment … Savings protection … Fees … Shares … Collective investments … |
18 December 2024 | Policy | Position - Recommendation DOC-2012-19 - … their means of remuneration (retrocessions on management fees, retrocessions per transaction etc.); 4. the methods of … commissions, retrocessions on UCITS/AIF management fees and income related to ancillary activities. However, the … their means of remuneration (retrocessions on management fees, retrocessions per transaction etc.); 4. the methods of … |
04 December 2024 | In-depth | The Listing Act: Facilitating Companies' Access to European Capital Markets The Listing Act introduces significant changes to European regulations. In this document, the AMF outlines its main features. While some provisions will come into force as early as December 4, others will be implemented gradually, with delays of 15, 18, and 24 months following its entry into force. … of MiFID 2, will once again be allowed to bundle research fees with order execution services, provided they comply with … |
29 November 2024 | In-depth | The European regulation Markets in Crypto-Assets (MiCA) Crypto-asset services requiring authorisation, obligations to be met, procedures for submitting a crypto-asset service provider (CASP) application, notification of offers to the public and admission to trading of crypto-assets, provisions relating to market abuse: in this "in-depth" you will find the main provisions of the European regulation on… … the parties, security and authentication systems, and user fees); Recording of client positions and segregation of … the existence of a minimum or guaranteed placement amount, fees, the procedure followed and the targeted purchasers; … a description of the CASP’s security systems, the fees applied by the CASP and the law applicable to the … |
08 October 2024 | News | AMF amends its Programme of Operations Guide for Asset Management Companies The AMF has updated its Programme of Operations Guide for Asset Management Companies and Self-Managed Collective Investments (Position-Recommendation DOC-2012-19) to reflect recent legislative and regulatory developments, and adjust its capital requirements for asset management companies. … minimum capital requirement threshold have been extended. Fees paid by asset management companies to remunerate … investments and/or individual portfolios, as well as fees paid to remunerate service providers who provide them … are variable charges directly linked to the management fees earned by the asset management companies, may now also … |
24 June 2024 | Enforcement Committee news releases | AMF Enforcement Committee fines a financial investment advisor and its director for breaches of their professional obligations In its decision of 12 June 2024, the Enforcement Committee reprimanded each of the respondents, Activ Finance Conseils and its director at the time of the events, Céline Géhin. It also imposed a fine of €10,000 on Activ Finance Conseils. … had incorrectly presented information about the costs and fees associated with their investments. The Committee then … |
