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…… These developments should ensure, for instance, that financial market participants' needs in terms of ESG data are … introduced by the CSRD, in comparison with NFRD, the non-financial reporting directive of 2014, are: The expansion of … by the CSRD and the ESRS, a thorough reading and analysis of the texts appear as the first essential step in … |
06 February 2024 | AMF news release | AMF encourages investment services providers to strengthen their procedures for handling client complaints In a series of short, thematic inspections carried out at five institutions, the AMF found a number shortcomings in terms of compliance with the applicable requirements. In a summary document, it revisits the regulations, explains its expectations, and highlights the good and poor practices observed.… with the organisational rules set out by the Markets in Financial Instruments Directive, and meet the requirements … modify product governance. Under the regulations governing financial instrument markets, financial instrument … way that meets the needs and profiles of their clients. An analysis of client complaints must be taken into account in … |
26 January 2024 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair - New Year address to the financial centre - Thursday 18 January 2024 … Barbat-Layani, AMF Chair - New Year address to the financial centre - Thursday 18 January 2024 … Check against … Yon-Courtin) Governor of the Banque de France, The Financial Public Prosecutor (Jean-François Bohnert), Members … our 2024 action and supervision plan, based on our risk analysis. In addition to our traditional inspections, we have … |
25 January 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.… OECD's recently published research report to measure the financial literacy, motivations, attitudes and behaviours of … who have carried out at least one transaction on financial instruments in the past three months. 2. No.12 - … Savings Observatory Newsletters All Reports, research & analysis The AMF’s Observatory tracks the household savings … |
18 January 2024 | AMF news release | The AMF publishes its action plan and supervisory priorities for 2024 Marie-Anne Barbat-Layani, Chairwoman of the Autorité des marchés financiers (AMF), outlined the AMF’s priorities for the coming twelve months to the press, in line with the “Impact 2027” strategic guidelines defined in 2023. All these priorities reflect the AMF’s commitment to strive each day to protect investors and enhance the attractiveness of…… a powerful, attractive, honest, useful and well-regulated financial centre is one of our country’s great strengths. To … to digital technology and energy, Europe’s leading financial centre must be dynamic, innovative, responsible and … conduct rigorous supervision in 2024 based on its risk analysis. Two major projects will undergird the AMF’s work in … |
15 January 2024 | News | Market manipulation identified and reported by the AMF sanctioned by the Paris Tribunal Correctionnel The Paris Tribunal Correctionnel (Criminal Court) has sanctioned a market manipulation case reported to the Financial Prosecutor (Parquet national financier) by the AMF. The court also approved four plea bargains (“Comparution sur reconnaissance préalable de culpabilité”, or “CRPC”). The AMF, which had joined the proceedings as a civil party, was…… This judgment follows a report filed by the AMF to the Financial Prosecutor on 20 November 2020, exposing conduct … against them and accepted the penalties proposed by the Financial Prosecutor under a CRPC procedure. On September 12, … 13 2023, the Paris Tribunal Correctionnel followed the analysis of the market manipulation set out in the report of … |
01 January 2024 | Policy | Instruction DOC-2019-24 … référence … Article D. 54-10-6 of the French Monetary and Financial Article 721-4 GR AMF Book 7 Instruction Digital … référence … Article D. 54-10-2 of the French Monetary and Financial Code (in French only) Article D. 54-10-6 of the … must include in particular:1°) from the design phase, the analysis of security risks that could negatively impact the … |
01 January 2024 | Policy | Instruction DOC-2019-23 … L. 54-10-3 and D. 54-10-2 of the French Monetary and Financial Code (“MFC”), persons who provide custody services … allocated to each of these activities for the coming two financial years; - a description of the activities that the … thresholds; (ii) processing alerts by means of documented analysis, leading to a duly justified decision to take no … |
22 December 2023 | Ombudsman’s Blog | Failure to reply to a Know Your Customer questionnaire: different consequences depending on whether the questionnaire is intended to assess the client or to combat money laundering The Know Your Customer questionnaires submitted by financial institutions pursue specific objectives in the business relationship between them and investors: to provide a service tailored to their clients and to comply with their anti-money laundering obligations.I had the opportunity to go over these objectives and the different consequences of…… area was suddenly interrupted. He therefore approached his financial intermediary for an explanation. The customer … of failing to answer all the questions asked about his financial and personal circumstances, his access had … obligations in force. … Recommendation … After a careful analysis of the file, I noted that the conduct of business … |
21 December 2023 | AMF news release | The AMF publishes summary of third thematic inspection of asset management companies' cybersecurity systems Cybersecurity is one of the main topic identified by the AMF within its risk mapping. With a view to implementing the European Digital Operational Resilience Act (DORA) and in line with its risk mapping, the AMF has examined the cyber risk supervision systems of five institutions in the light of their relationships with their main IT service…… of the establishments on the panel. The AMF focused its analysis on the services provided by key IT providers, … propose a balance between reactive measures (incidents analysis mechanism, business continuity strategy) and … responsible for ensuring that savings invested in financial products are protected and that investors are … |
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