03 July 2026 | Report / study | 2026 Markets and Risks Outlook The AMF publishes its 2026 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. … the triggering of liquidity management tools (LMTs) – fees or gates – is intended to remain an exceptional measure, … in the provision of ex ante information to investors about fees. Without prejudging their performance, structured … expensive and their costs difficult to understand: some fees are factored into the product’s performance, whilst … |
02 July 2026 | Ombudsman’s Blog | PEA-PME: share eligibility under the issuing company size criterion is assessed at the time of acquisition For a PEA-PME(1), as for a standard PEA, the securities eligibility criteria must be met at all times while they are held. However, there is one important exception. In relation to the maximum issuing company size criterion, the eligibility of shares for a PEA-PME is assessed at the time of their acquisition, as demonstrated by the dossier I am… … sale of the shares in company X, refunding the brokerage fees and commission, and offering compensation as a gesture … sale of the shares in company X, refunding the brokerage fees and commission, and offering compensation as a gesture … sale of the shares in company X, refunding the brokerage fees and commission, and offering compensation as a gesture … |
29 June 2026 | 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. … both for direct investments in individual equities (posted fees as of January 2026) and for collective investments (average annual fees applied in 2025). For equity and diversified funds, the … communication regarding investments products, the fees applied and the various distribution channels. AMF … |
24 June 2026 | News | The AMF has introduced a new methodology for document-based inspections of financial investment advisor Over the course of 2025, the Autorité des Marchés Financiers (AMF) transformed its document-based inspections of financial investment advisors (FIAs). The new methodology, known as ‘CORE’ for Campagne d'Observation des Risques et d'Enseignements (Risks and Lessons Observation Campaign), is designed to strengthen the support provided to market… … in terms of the quality of information on costs and fees, the collection and consideration of client … Information quality and justification of costs and fees … with regard to communicating information on costs and fees to their clients. The findings suggest that FIAs do not … |
08 June 2026 | AMF news release | Special edition of the AMF Barometer: while artificial intelligence is still not widely used in investment practices, it is winning over more young investors For the first time, the Autorité des Marchés Financiers is publishing a special edition of its Savings and Investment Barometer devoted to artificial intelligence (AI). The study analyses the place of AI in the investment practices of the French, its uses and how it is perceived. It highlights a generational divide: young people are five times… … as well as improved performance and lower investment fees (52%). However, the perceived risks are high: two out of … as well as improved performance and lower investment fees (52%). However, the perceived risks are high: two out of … as well as improved performance and lower investment fees (52%). However, the perceived risks are high: two out of … |
08 June 2026 | Report / study | Focus of the AMF Savings and Investment Barometer: Investing and Artificial Intelligence In the area of investment, artificial intelligence (AI) is gradually being integrated into the financial practices of French people. However, adoption remains limited, and AI is used mainly as a supplementary source alongside other information channels. … (54%) as well as improved performance and lower investment fees (52%). However, there is still a strong perception of … 51% to find information about a product easily (risk, fees, returns, etc.), 37% to find an investment that suits … AI to obtain information about a product (such as risks, fees, returns, etc.), we see more: people with a higher … |
19 May 2026 | News | Liquidity Management Tools: the AMF intends to comply with ESMA’s Guidelines The Autorité des Marchés Financiers (AMF) intends to apply the European Securities and Markets Authority’s (ESMA) guidelines on liquidity management tools for UCITS (undertakings for collective investment in transferable securities) and open-ended AIFs (alternative investment funds) as soon as the work to transpose the AIFM 2 Directive has been… … from among: Gates Extension of notice periods Redemption fees Swing pricing Dual pricing Anti-dilution levies … in kind, (3) anti-dilution tools, including redemption fees, net asset value adjustment (‘swing pricing’), the dual valuation system, and adjustable entry and exit fees in favor of the fund, and (4) the asset ring-fencing … |
28 April 2026 | News | Fees for financial investments continue to decline, particularly those for mutual funds In its Household Savings Observatory Newsletter, the AMF presents trends in investment costs for savers in the financial markets, whether in collective investment funds or direct investments in listed equities. It highlights the continued decline in investment fund fees in 2025, as well as the stability of average fees on listed equities between… … Fees for financial investments continue to decline, … Investment fund fees: the decline continued in 2025 … In the collective investment sector, the downward trend in fees for French funds continued in 2025 for equity funds and … diversified funds. From 2010 to 2025, the average annual fees for French equity funds fell from 2.3% to 1.3%, a … |
28 April 2026 | Household Savings Newsletter | AMF Household Savings Newsletter - No.65 - April 2026 The AMF takes stock of fee trends for financial investments, both for direct investments in individual equities (posted fees as of January 2026) and for collective investments (average annual fees applied in 2025). … both for direct investments in individual equities (posted fees as of January 2026) and for collective investments (average annual fees applied in 2025). AMF Household Savings Newsletter - … both for direct investments in individual equities (posted fees as of January 2026) and for collective investments … |
24 April 2026 | Spot Inspections | Summary of SPOT inspections on the digital client journey As an extension of the work carried out by the Autorité des Marchés Financiers (AMF) on retail investor protection, and as announced in its supervisory priorities for 2025, a series of short thematic inspections (SPOTs) was carried out on the digital pathways offered to retail clients for subscribing to and placing orders for financial instruments… … Regulation (EU) 2017/565 to inform clients of the fees and costs of their investment before they place an … offered, the execution venues and all related costs and fees.”; - Guideline 1, point 13 of ESMA guidelines 35-43-3006 … |