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 … |
20 December 2023 | Policy | Position - Recommendation DOC-2020-03 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…… by collective investment schemes incorporating non-financial approaches … Professional investors UCIT Disclosure … 533-12, L. 533-22-1 and L. 533-22-2-1 of the Monetary and Financial Code (in french only) Articles 411-126 and 421-25 … the assets that it is able to select. c) The non-financial analysis or non-financial rating performed must be higher … |
18 December 2023 | AMF news release | AMF proposes enhanced investor information when evaluating boards of listed companies In the 2023 edition of its report on corporate governance and executive compensation in listed companies, the AMF reviews the regulatory developments of recent months and assesses the quality of the information published. In a section dedicated to the assessment of boards of directors, the AMF makes recommendations to improve the information…… the ongoing developments at European level regarding non-financial reporting obligations for companies through the … Stock Exchange in the short term. As part of its annual analysis of the information published by companies, the AMF … Finally, the AMF will ask the High Committee for the Financial Markets in Paris (HCJP) whether it would be … |
14 December 2023 | Policy | Recommendation DOC-2012-02 … (in French only) Article L. 621-18-3 of the Monetary and Financial Code (in French only) Recommendation Corporate … 2/9 Pursuant to Article L. 621-18-3 of the Monetary and Financial Code, The Autorité des Marchés Financiers (AMF) … but that they also perform as much of a qualitative analysis as possible, based on various parameters to assess … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash … collective investments Annexes Marketing of complex financial instruments Application of business conduct rules … Directors under Article L. 532-9 11 4° of the Monetary and Financial Code .................... 20 2.3.1. Persons … |
01 December 2023 | News | The AMF releases a research paper on French bond funds' flow-performance relationship The working paper investigates the sensitivity of investors’ flows to past performances of 817 French bond funds, as well as the stability of this relationship over time and the parameters that can modify it.… emphasized the risks that these funds might induce for financial stability, stressing in particular the imperfect … assets grew by 45% between 2006 and 2022. … A statistical analysis covering 817 funds … The research builds on an … |
23 November 2023 | Warning | The AMF and the Paris Public Prosecutor's Office urge retail investors to be extremely vigilant regarding Immediate Connect's fraudulent investment offer in crypto-assets Following an initial public warning issued by the Autorité des Marchés Financiers (AMF) last June, the regulator continues to receive numerous enquiries and complaints from retail investors about this fraudulent automated trading offer, on Forex or in crypto-assets, which appears to be continuing via new websites. The AMF and the Paris Public…… interested parties were quickly contacted by a so-called financial adviser who encouraged them to register on an … added to the authority's blacklists. Others are in the analysis phase. Addresses added to AMF blacklists: … the company is Check an authorisation authorised to offer financial services and is not on one of the AMF blacklists … |
22 November 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines two individuals for insider dealing breaches Please note that the French version of this press release was published on 13 November 2023. In its decision of 10 November 2023, the Enforcement Committee imposed a fine of €80,000 on Mr Yohann Catherine, the chief operations officer of a listed company at the time of the events, for disclosing two items of inside information concerning the…… respondent to justify his interventions. Following this analysis, the Commission found that Mr Catherine had passed … takes part in the AMF’s educational efforts by clarifying financial regulations when explaining its decisions. … Press … |
20 November 2023 | AMF news release | The AMF publishes a second educational report on taxonomy reporting by listed companies Following a first analysis of listed companies' reporting on the taxonomy published in November 2022, the AMF is publishing a second report this year analysing the quality of the information provided by 31 non-financial companies on the eligibility and alignment of their activities with the European taxonomy. This study provides an in-depth look…… social and societal safeguards. Companies that publish non-financial statements must communicate their level of eligibility and, since 2023 for non-financial companies, the level of sustainability of their … information, at the risk of misleading readers. The analysis of eligible and aligned economic activities raises a … |
20 November 2023 | Report / study | Report on Taxonomy reporting of non-financial listed companies This 2023 AMF report on sustainability reporting is dedicated to non-financial corporate’s Taxonomy reporting, in the context of the second year of application of these obligations under Article 8 of the EU Taxonomy Regulation. The AMF analyses the publications of 31 listed non-financial companies which, for the first time, reported on the…… Report on Taxonomy reporting of non-financial listed companies … Télécharger le contenu This 2023 … AMF report on sustainability reporting is dedicated to non-financial corporate’s Taxonomy reporting, in the context of … alignment of their economic activities with the taxonomy (analysis of environmentally sustainable activities). This … |
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