16 March 2022 | AMF news release | AMF publishes an analysis of retail investor order execution on French stocks At a time when retail investors are becoming increasingly active on the stock market, the Autorité des Marchés financiers (AMF) has examined the destination of their stock market orders and the conditions under which they were executed over the period between December 2019 and April 2020, compared with the conditions observed on Euronext Paris and…… AMF publishes an analysis of retail investor order execution on French stocks … responsible for ensuring that savings invested in financial products are protected and that investors are … Directorate +33 (0)1 53 45 60 28 … Read more … Analysis of the execution of retail investor' orders in the … |
15 March 2022 | News | The AMF publishes a stock-take analysis of the market for short-term debt instruments in Europe The study by the Autorité des marchés financiers on the short-term debt market, in which money market funds primarily invest, builds on both publicly available data sources and internal data provided by the European Systemic Risk Board (ESRB).… The AMF publishes a stock-take analysis of the market for short-term debt instruments in … the short term funding market, MMFs were at the heart of financial stability concerns, and legitimately underwent … of entities in need for short-term funding (banks, non-financial corporates, States, local governments, etc.). And … |
11 March 2022 | Ombudsman’s Blog | Not being able to subscribe to a fund does not necessarily imply a refusal to sell Some funds are strictly reserved for professional clients, and clients who do not meet the subscription conditions required by the fund cannot acquire units, even if they want to. It is this particular case that I will present to you in this month's issue.… … After receiving this response, I carried out an in-depth analysis of the case. First of all, it should be remembered … [1] Professional clients may be professional by nature (financial institutions, insurance companies, institutional … the professional must verify: [2] hold a portfolio of financial instruments worth more than €500,000; carry out … |
28 February 2022 | AMF news release | French and Dutch market authorities publish a joint analysis of the impact of the short selling ban at the onset of the Covid-19 crisis Returns, volatility and market depth: the Autorité des Marchés Financiers (AMF) and the Autoriteit Financiële Markten (AFM) have examined the effects of the temporary ban applying to French securities by comparing their respective markets.… French and Dutch market authorities publish a joint analysis of the impact of the short selling ban at the onset … triggered exceptional lockdown measures around the world, financial markets underwent an episode of high volatility and … measures. In particular, the Netherlands Authority for the Financial Markets (AFM) considered that it had not observed … |
01 February 2022 | News | New step forward in the adoption of the regulation on a Pilot Regime for market infrastructures based on the blockchain technology In December 2021, the Council of the European Union endorsed the European Commission's proposal to create a provisional regulatory framework to test the use of distributed ledger technologies (DLT) in market infrastructures. The European Parliament's Committee on Economic and Monetary Affairs has adopted the text that should enter into force by…… offered by the emergence of crypto-assets qualifying as financial instruments (security tokens). The AMF welcomes the … for the use of blockchain technology in the field of financial instruments, which is crucial for keeping up with financial innovations on a global scale. In a legal analysis on 6 March 2020 , the AMF had identified some … |
26 January 2022 | Article | Discuss with the AMF about my project Do you have an innovative project in preparation in the investment services sector and would you like to obtain information on the applicable regulations? Would you like to discuss with the AMF about a project to issue tokens (ICOs)? Would you like information on the status of a Digital Asset Service Provider (DASP)? Find all the useful…… for the AMF. In direct contact with players promoting financial innovations, the Innovation and Digital Finance … organizations or forums. Its objectives are: to work with financial stakeholders to analyse ongoing innovations in the … … You can send us a presentation of your project and an analysis of the legal issues you encounter by using the form … |
26 January 2022 | In-depth | Innovation : focus on the actions carried out by the AMF The rapid growth of new technologies has put innovation at the heart of discussions about financial markets. For several years now, and under its #Supervision2022 Strategic Plan, the AMF has been fully committed to this issue and has supported stakeholders in the transformation of the financial sector. Here we focus on the actions carried out by…… with its European regulatory counterparts in the Financial Innovation Standing Committee (FISC) of the … Authority of Singapore (MAS) Abu Dhabi Global Market's Financial Services Regulatory Authority (FSRA) Mauritius … trend in the automation of the post-trade chain. Legal analysis on the application of financial regulations to … |
29 December 2021 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company for several breaches of its professional obligations In its decision of 20 December 2021, the Enforcement Committee handed down a warning to management company Twenty First Capital, along with a fine of €100,000.… The Commission also considered that, for the financial years 2018 and 2019, Twenty First Capital had not … in this respect as a result of successive changes to its financial statements. The Committee also sanctioned the … that the lack of traceability of a fund manager's own analysis following investment advice received from a third … |
09 December 2021 | Policy | Position DOC-2010-05 … Marketing of complex financial instruments … Other professionals Investment … … Article L.533-11 to L.533-13 of the Monetary and Financial Code (in French only) Article L.541-8-1 of the … on the target clients for the product in light of an analysis of its advantages and disadvantages; - make … |
30 November 2021 | AMF news release | Retail investors have grown in number, are younger and increasingly use neo-brokers since the Covid crisis After an initial analysis of the behaviour of retail investors on the stock market conducted in April 2020 during the first lockdown, the Autorité des Marchés Financiers has confirmed the renewed interest of retail investors in the financial instruments under its jurisdiction in a new study, conducted on a different scope and over the period from…… AMF is responsible for ensuring the orderly operation of financial markets and the protection of savings invested in financial instruments. It maintains a close watch on the … and attracted by new market participants After an initial analysis of the behaviour of retail investors on the stock … |
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