18 December 2025 | Article | Obtaining a DASP registration/optional licensing Do you want to know in which cases registration with the AMF as a Digital Asset Service Provider (DASP) is mandatory? To obtain an optional licensing? You will find all the information on the subject here, together with the list of registered DASPs and the list of DASPs licensed by the AMF.… portfolios that include one or more digital assets under a mandate given by a client; advice to investors in digital … Withdrawal for cessation of activity E2023-065 AXA INVESTMENT MANAGERS IF SA 07/03/2023 Digital assets custody … Prudential Supervisory and Resolution Authority) - AXA INVESTMENT MANAGERS IF SA (September 9, 2024) Delisting of a … |
18 December 2025 | Policy | Instruction DOC-2011-19 - … Investment management companies UCIT Prospectus Policy The … and regulations that transpose MIF 2 and legally separate investment firms from asset management companies. The update … and regulations that transpose MIF 2 and legally separate investment firms from asset management companies. The update … |
27 November 2025 | Policy | Instruction DOC-2012-06 - … professional funds, professional private equity investment funds and specialised financing vehicles … Investment management companies Periodic & ongoing … professional funds, professional private equity investment funds and specialised financing vehicles … professional funds, professional private equity investment funds and specialised financing vehicles Annexes … |
27 November 2025 | Policy | Instruction DOC-2019-04 - … Real estate investment companies, Forestry investment companies and Forestry groups … Investment management companies AIFMD Collective investments … of the General Regulation Book 4 Instruction Real estate investment companies, Forestry investment companies and Forestry groups Real estate … |
22 April 2025 | News | Fees: the AMF updates its doctrine following the announcement of the abolition of transaction fees in situations of discretionary management Following the announced an amendment to its General Regulation extending the ban on transaction fees to the service of portfolio management on behalf of third parties (discretionary management), the Autorité des Marchés Financiers (AMF) has updated its doctrine to clarify how this ban will be implemented.… can give rise, the AMF has decided to prohibit mandate managers from charging transaction fees calculated on … and fees relating to each service must be stated in the mandate concluded with a retail client. In this respect, … However, in cases where this service is provided by the mandate manager or by an entity from the same group, there is … |
19 February 2025 | Spot Inspections | Summary of SPOT inspections on the monitoring of funds (UCITS, AIF) investment ratios, and of related compensation and claims An investment ratio is a limit that a portfolio asset management company (AMC) is obliged not to exceed when managing a fund, and to correct as quickly as possible if it is nevertheless exceeded. An investment ratio, which is set out in the rules or contractual documentation, must be complied with at all times. It may be financial or non-financial…… SPOT inspections on the monitoring of funds (UCITS, AIF) investment ratios, and of related compensation and claims … An investment ratio is a limit that a portfolio asset management … as quickly as possible if it is nevertheless exceeded. An investment ratio, which is set out in the rules or … |
11 February 2025 | In-depth | Professional certification: AMF examination, internal verification and AMF Sustainable Finance examination The knowledge and competences of financial market professionals are key to a high-quality client relationship. This is particularly important to the AMF. In order to ensure that all financial markets participants have a uniform and common knowledge base in the financial, regulatory and ethical environment, and in sustainable…… competences that are essential to executing their role. Investment services providers, including portfolio asset … clients. This has also been compulsory for all financial investment advisors since 1 January 2020. The AMF examination … an internal test administered by their employer that is an investment services provider. They carry out their activities … |
23 January 2025 | Article | Operating as a crowdfunding service provider in France In which cases can you apply to the AMF for authorisation to become a crowdfunding service provider? How do you obtain this authorisation? Have you been authorised as a crowdfunding service provider in another Member State of the European Union (EU) and would like to offer your services in France? Find all the useful information here.… instruments abolished the French regime for crowdfunding investment advisers (CIAs) and investment services providers authorised to provide the … in France by means of a promotional communication, the key investment information sheet and all promotional … Council with regard to regulatory technical standards on individual portfolio management of loans by crowdfunding … |
16 January 2025 | In-depth | The Regulation on a Pilot Regime for market infrastructures based on distributed ledger technology As part of a series of measures related to digital finance in Europe (Digital Finance Package), Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (Pilot Regime Regulation, or PRR) allows existing or new market infrastructures to use distributed ledger technology (DLT) in a simplified…… distributed ledger technology that are already authorised (investment services providers or market operators authorised … are admitted to trading. Statutorily operated by an investment service provider authorised to provide the service … are settled. Statutorily operated: (i) either by an investment service provider authorised to provide the service … |
18 December 2024 | Policy | Position - Recommendation DOC-2012-19 - Programme of operations guide for asset management companies and self-managed collective investments This page is not translated in English at the moment… Investment management companies Organisational rules Asset … regulations that transpose MiFID II and legally separate investment firms from asset management companies. The update … regulations that transpose MiFID II and legally separate investment firms from asset management companies. The update … |
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