02 October 2023 | Policy | Position - Recommendation DOC-2019-16 DOC-2019-16 sets out the due diligence obligations with regard to clients and their beneficial owners, as provided by Articles L. 561-4-1 and following of the Monetary and Financial Code, taking account of the essential contributions of the 4th directive and 5th directive, and notably the reinforcement of the risk-based approach, the distinction… … in Article L. 561-4-1 and following of the Monetary and Financial Code, taking into account the key contributions of … de référence … Article L. 561-2-2 of the Monetary and Financial Code (in French only) Articles L. 561-4-1 to L. … due diligence measures α) For persons, services and products that pose a low risk, and provided there is no … |
29 September 2023 | Warning | The AMF and the ACPR warn the public against the activities of several entities offering in France investments in Forex and in crypto-assets derivatives without being authorized to do so With the objective of protecting investors, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) regularly update their black lists of websites identified as offering investments in the unregulated foreign exchange (Forex) market and in derivative products whose underlying assets include crypto… … regularly. To ensure that the intermediary offering you financial products or services is authorized to operate in France, you … or the list of authorized intermediaries in the financial investment advisor (FIA) or crowdfunding (CIP) … |
22 September 2023 | News | Decentralised Finance (DeFi): IOSCO publishes its consultation report The International Organisation of Securities Commissions (IOSCO), of which the AMF is a participating member, has published a consultation report on Decentralised Finance (DeFi). The consultation, which the AMF invites stakeholders and participants to provide feedback to, will run until 19 October 2023. … report … IOSCO, whose members include a number of financial markets regulators from jurisdictions globally, … in the context of regulating DeFi activities and products. The recommendations cover six key areas, consistent … |
07 September 2023 | AMF news release | The AMF and the ARPP launch the Responsible Influence Certificate in Finance The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) have jointly set up a training module for influencers in the financial sector. Their aim is to help professionalise commercial influence, an activity that is now regulated by law. … in July 2022 their plan to create a module specific to the financial sector for the "Responsible Influence Certificate" … set up this training course on the rules applicable to the financial products and services sector within its scope (excluding … |
28 August 2023 | AMF news release | The AMF pays tribute to Jacques Delmas-Marsalet The Autorité des Marchés Financiers (AMF) is deeply saddened to learn of the death of Jacques Delmas-Marsalet. A board member of the Commission des Opérations de Bourse (COB) from 2000 to 2003, and then of the AMF from 2003 to 2014, he played a key role in improving retail investor protection and supervision of the marketing of financial products. … focused on retail investor protection and covering all financial sectors, which greatly inspired the thinking of the … in this area. His 2005 report on the marketing of financial products to retail investors, commissioned by the French … |
27 July 2023 | AMF news release | Close to 40% of new equity investors are under 35 The Autorité des Marchés Financiers (AMF) publishes converging data on the emergence of a new generation of stock market retail investors. The transaction reports received by the AMF and the Kantar Institute's annual survey of direct share ownership both point to a record proportion of younger people among individual shareholders. … providers, which have been mandatory since the Markets in Financial Instruments Directive (MiFID II) came into force in … generation of retail investors is an asset for the Paris financial centre” said the AMF Chair Marie-Anne … for ensuring that savings invested in financial products are protected and that investors are provided with … |
25 July 2023 | News | The AMF updates its instructions on AMF certification and the sustainable finance module The AMF has decided to update the instructions on the organisation of the AMF and Sustainable Finance examinations, at the suggestion of the Financial Skills Certification Board. The changes will clarify the requirements for organising distance learning examinations and add a Qualiopi certification requirement in addition to the requirement for… … to tighten up its requirements at the suggestion of the Financial Skills Certification Board. Organisations applying … finance. This module provides an understanding of the products and methodologies used to offer products adapted to … Sustainable Finance examinations, at the suggestion of the Financial Skills Certification Board. The changes will … |
01 January 2024 | Policy | Recommendation DOC-2020-07 … L. 561- 1 et seq. and R. 561-1 et seq. of the Monetary and Financial Code. Articles 721-3 to 721-6 and 722-1, 722-5, … with the status of investment service provider (ISP), financial investment advisor (FIA), crowdfunding advisor (CA) … in which the AMF will ask to use evaluated and certified products or request that security audits be performed? … |
18 July 2023 | AMF news release | Sustainable investment: growing interest among French people, especially the youngest In the wake of the Ecological Transition Financing Committee’s meeting, the AMF publishes the very encouraging results of its biannual survey that shows a growing interest in responsible finance. The under-35s are the most likely to consider them to be interesting. They account for half of the retail investors who have subscribed to sustainable… … to be an important issue. Overall, awareness of this financial universe has improved: 57% of respondents can … stressed the importance of retail investors trust in those products and the clarity of information provided. The AMF has … and is not considered as a responsible investment in financial instruments, the rate of holdings comes to 13%. … |
17 July 2023 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair – Publication of 2022 annual report AMF and the strategic guidelines for the period 2023-2027 – Monday 26 June 2023 … in Ukraine and the resurgence of inflation, in a changing financial environment faced with new risks. Financial markets experienced high volatility and a … provided to investors, and the comparability of products. We will be attentive to the availability and … |