27 October 2016 | AMF news release | FROG: the AMF and the AFG unveil seven measures to promote the international development of the French asset management industry and turn Paris into a leading financial centre The Autorité des Marchés Financiers (AMF) and the Association Française de la Gestion Financière (the French Asset Management Association - AFG) have produced a report on the outcome of the FROG working group's and on the implementation of its actions to raise the profile and broaden the distribution of French funds abroad.… asset management industry and turn Paris into a leading financial centre … The FROG group, the product of the AMF's … Seven concrete measures were decided to make the Paris financial centre more attractive to international investors. … for ensuring that savings invested in financial products are protected, providing investors with adequate … |
24 October 2016 | Warning | The Autorité des Marchés Financiers (AMF) warns the public about the 'KEYSTONE FUND' The AMF is warning French investors about the "KEYSTONE FUND". This Luxembourg alternative investment fund (AIF), which takes the form of a UCITS, is not authorised for sale in France.… private individuals and professionals, in many cases via financial investment advisers (FIA). However, this UCITS is … and individuals responsible for marketing investment products to follow these safety guidelines before making any … company is regulated by the English authority, the Financial conduct authority (FCA)., an English asset … |
21 October 2016 | General regulation | General regulation of the AMF into force from 21/10/2016 to 03/11/2016 … - CERTIFICATION OF STANDARD AGREEMENTS FOR TRANSACTIONS IN FINANCIAL INSTRUMENTS ............ 11 TITLE IV - INSPECTIONS … TO IN SECTION II OF ARTICLE L. 621-9 OF THE MONETARY AND FINANCIAL CODE … 206 BOOK IV - COLLECTIVE INVESTMENT PRODUCTS … statement that could mislead the client. Article 251-2 Products proposed through an act of solicitation shall be … |
18 October 2016 | Public statements | Speech by Benoît de Juvigny, AMF Secretary General - European Congress of Asset Management - Thursday 13 October 2016 … structural growth. I hasten to add that many firms in the financial services sector are not able to say the same thing. … investor protection, but also with the challenges of financial stability and financing of the economy. … … that have to be taken into account when turning to products that target the general public. → It is for this … |
17 October 2016 | Report / study | Key figures for asset management in 2015 - Management company assets Gross assets managed by French asset management companies continued to rise in 2015 and ended the year at EUR 3.458 trillion. At a time of flat economic growth, high volatility and the sustained low-interest-rate monetary policy in Europe, the French asset management industry saw further growth in assets under investment management and under…… environment, which has sharply reduced the return on cash products. Although monetary policies remain accommodative, … includes venture capital fund and fund of hedge fund products, and those relating to employee savings funds … companies, their profiles, assets under management, financial data and, lastly, the control mechanism. A … |
14 October 2016 | Warning | The Autorité de Contrôle Prudentiel et de Résolution and the Autorité des Marchés Financiers warn the public against the activities of several websites and entities proposing Forex investments without being authorised to do so The ACPR and the AMF are publishing a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so.… To ensure that the intermediary offering banking or financial products or services is authorised to operate in France, you can view the register of financial agents (https://www.regafi.fr ) or the list of … |
30 September 2016 | Report / study | Key figures for asset management in 2015 - Profile of management companies The total workforce reported by all asset management companies (AMCs) amounted to 15,931 people at 31 December 2015. This speaks to the strength of the French asset management industry, which continues to create jobs. It also points to a sound business model. During challenging economic times, France's industry is a major centre for global…… leaders by market share, are exporters, marketing their products to international clients. This category also … to hold more liquid assets to shield themselves against financial market fluctuations. pic Source: AMF Real assets … companies, their profiles, assets under management, financial data and, lastly, the control mechanism. A … |
28 September 2016 | AMF news release | The AMF is creating a dedicated welcome programme for management firms and FinTech companies based in the UK: AGILITY The AMF is pursuing its commitment to making the Paris financial market more appealing by launching AGILITY, a programme devoted to guiding financial firms through the French authorisation process. It will provide a range of services, notably helping financial firms authorised in the UK set up in France. With 2WeekTicket pre-authorisation, they…… and FinTech companies can supply an authorisation from the Financial Conduct Authority and fill out a standardised form … joint statement communicating their shared procedures for financial institutions. … About the AMF … The AMF is an … for ensuring that savings invested in financial products are protected, providing investors with adequate … |
24 September 2016 | General regulation | General regulation of the AMF into force from 24/09/2016 to 20/10/2016 … - CERTIFICATION OF STANDARD AGREEMENTS FOR TRANSACTIONS IN FINANCIAL INSTRUMENTS ............ 11 TITLE IV - INSPECTIONS … TO IN SECTION II OF ARTICLE L. 621-9 OF THE MONETARY AND FINANCIAL CODE … information purposes only BOOK IV - COLLECTIVE INVESTMENT PRODUCTS … |
19 September 2016 | News | Cross-border distribution of funds in Europe: identify the real barriers and enhance investors' confidence The European Capital Markets Union action plan set forth the possibility that obstacles to cross-border investment of European investment funds persist. These obstacles are caused by national law or government practices. To assess their extent, the European Commission has made public a consultation on the cross-border distribution of investment…… While French management companies also export their products to other European countries (634 passports for … tax laws are influencing supply and demand of financial products … European consumers are strongly urged … (appointing a tax representative, or sending specific financial reports, to obtain a preferential tax status for … |
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