22 September 2026 | Public statements | European supervision is key to the construction of a single market for capital Article by Marie-Anne Barbat-Layani, Chair of the Autorité des marchés financiers (AMF), published in the Eurofi Magazine on September 2026 … Union (SIU) project is undoubtedly the most important financial project in the European Union since the single … Other than that, we will face a steep decline in the EU’s financial independence and ability to fund its political … step forward. Let us hope we will not need a financial crisis to adopt it. A swift adoption is needed. Criticism is … |
10 September 2026 | Spot Inspections | Summary of SPOT inspections relating to telephone conversation recordings by asset management companies As announced in its supervisory priorities for 2025, the Autorité des Marchés Financiers (AMF) has conducted a series of short thematic inspections (SPOTs) on the telephone conversation recordings that may lead to the provision of an investment service or the conclusion of a transaction, within five asset management companies (AMCs). The… … five asset management companies (AMCs). The Monetary and Financial Code establishes a general obligation for AMCs to … out were based on the following texts: - the Monetary and Financial Code (‘MFC’); - Delegated Regulation (EU) No … particularly because it was likely to be used in a crisis situation or in the event of unavailability of its … |
10 August 2026 | Annual Report | 2025 AMF Annual Report The 2025 annual report presents the actions taken by the AMF in line with its strategic priorities, including: creating the conditions for an increasingly safe and resilient financial center, fostering the development of European capital markets and the attractiveness of the Paris financial center, and providing an environment conducive to… … the conditions for an increasingly safe and resilient financial center, fostering the development of European … capital markets and the attractiveness of the Paris financial center, and providing an environment conducive to … the conditions for an increasingly safe and resilient financial center, fostering the development of European … |
29 July 2026 | Report / study | Evolution of trading at the close on the French equity market European equity markets, and the French market in particular, have experienced a marked increase in the share of trading executed at the close over recent years. In 2019, the AMF published a study highlighting the growing importance of the Euronext Paris closing auction, which already accounted for 41% of turnover in CAC 40 equities in June 2019… … Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No … branches of foreign investment firms); • transactions in financial instruments falling within the AMF's supervisory … reached exceptionally high levels during the Covid-19 crisis in the first half of 2020, before experiencing more … |
20 July 2026 | News | The AMF publishes its response to the European Commission’s consultation on the review of the Shareholder Rights Directive (SRD) The AMF welcomes the European Commission’s ambition to revise the Shareholder Rights Directive (SRD), which presents an opportunity to further harmonise shareholder rights and the issuer-shareholder relationship. … and facilitating their exercise. In response to the 2008 financial crisis, which highlighted shortcomings in the relationship … The AMF consulted with various stakeholders in the Paris financial market (issuers, investors, intermediaries, … the AMF supports an expansion of the scope of financial instruments (bonds, fund units…) and companies … |
20 July 2026 | AMF’s EU positions | AMF response to the European Commission’s consultation on the review of the Shareholder Rights Directive (SRD) The AMF welcomes the European Commission’s ambition to revise the Shareholder Rights Directive (SRD), which presents an opportunity to further harmonise shareholder rights and the issuer-shareholder relationship. … and facilitating their exercise. In response to the 2008 financial crisis, which exposed shortcomings in the relationship … AMF has consulted with various stakeholders in the Paris financial market (issuers, investors, intermediaries…). These … |
16 July 2026 | News | The AMF publishes a study on market-based financing in Paris for the period 2007–2025 Given the growing financing needs of the European economy, particularly in the areas of the green, digital and defence transitions , the development of capital markets is emerging as a key issue for Europe’s competitiveness and the strengthening of its strategic autonomy. Against this backdrop, the AMF has published a study on market-based… … to enhance the attractiveness and capacity of European financial markets to finance businesses. In this regard, the … with the ongoing decline observed in most major European financial centres, such as London, Frankfurt and Paris. The … market and to provide some points of comparison with other financial centres, particularly in Europe. … |
16 July 2026 | Report / study | Market-based financing in Paris, 2007-2025 Given the growing financing needs of the European economy, particularly in the areas of the green, digital and defence transitions , the development of capital markets is emerging as a key issue for Europe’s competitiveness and the strengthening of its strategic autonomy. Against this backdrop, the AMF has published a study on market-based… … London, are experiencing similar trends. However, several financial centres are bucking this trend, such as New York, … up of initial public offerings (IPOs) since the subprime crisis, but this does not mean that French companies are … (except for mid-cap companies); and finally (3) regarding financial health, whilst the Paris market comprises a … |
15 July 2026 | Report / study | The influence of social media on retail investor trading in CAC 40 stocks The AMF has published a study on the behaviour of retail investors towards CAC 40 stocks in the age of social media. … million in the first quarter of 2021), but well above pre-crisis levels (around 6 million per quarter prior to 2020). … to these platforms to gather information before making a financial investment. Some 12% consult accounts and posts published by banks or financial institutions, 4% seek information via influencers, … |
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. … 2026. This report has been coordinated by the research, financial stability and risks directorate of the AMF and … 76 3.4. Private equity funds: a growth crisis? … 92 4.1. Macro-financial analysis … spring of 2026, to the levels reached during the subprime crisis (Graph 3). This development can be attributed to … |