28 March 2024 | Policy | Instruction DOC-2011-19 … for French and foreign UCITS marketed in France … Investment management companies UCIT Prospectus Policy The … 65 Annex XII – Standard template for individual notifications of unitholders or … of the UCITS or a third person empowered by a written mandate to act on behalf of the notifying UCITS, in a manner … |
20 February 2024 | Article | The AMF Board The Board is the AMF’s main decision-making and prosecuting authority It has 16 members drawn from a broad variety of backgrounds. This multidisciplinarity ensures that it has the technical and legal expertise needed to carry out its tasks.… European Securities and Markets Authority (ESMA). … Take individual decisions … The Board examines the individual … (without which they cannot do business) or collective investment products (without which they cannot be marketed) … term of office; The incompatibility of the exercise of the mandate of members with certain electoral mandates and … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … companies and self-managed collective investments … Investment management companies Organisational rules Policy … service of management of a third party's portfolio (individual mandates) or from managing any other collective … liquidity is not appropriate for the managed portfolio (mandate or UCITS) or in listed UCITS such as ETFs with … |
01 January 2024 | Policy | Recommendation DOC-2020-07 … 4 2.2. Can the DASP status be combined with the status of investment service provider (ISP), financial investment … for other digital assets, receive transfer or manage under mandate. 7. IT AUDIT 7.1. What are the cases in which the AMF … directly or indirectly for the purpose of obtaining an individual's consent to provide a digital asset service? … |
18 April 2023 | In-depth | AMF Examination: Test of Minimum Knowledge Who are the professionals concerned by the test of minimum knowledge regarding the financial, regulatory and ethical environment? What is the difference for employees between the internal test and the AMF examination? Find all the useful information here.… of knowledge … Professionals concerned by this system … Investment service providers, including portfolio asset … person authorised to take investment decisions under an individual management mandate or as part of the management of one or more … |
21 March 2022 | Policy | Position - Recommendation DOC-2014-06 The AMF recommendation DOC-2014-06 details the expectations of the AMF for the operation and organisation of compliance, risk management, internal monitoring and periodic control functions within asset management companies (AMCs). This guide specifies, notably, how different control functions should be structured and is aimed at AMCs that manage…… risk management system within asset management companies … Investment management companies Organisational rules Policy … risk of loss for the collective investment scheme or the individual portfolio from the fact that the counterparty to … the contractual requirements of the portfolio management mandate, is thereby compromised; Market risk is defined as … |
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.… institution X, Mr T. wanted to buy units in an alternative investment fund. However, his account keeper would not allow … possible for a non-professional client, such as a private individual, to opt for the status of professional client. … Secondly, this was not a subscription under a management mandate, nor a subscription for an amount of €100,000 or … |
29 July 2021 | Bilateral MoU | SEC-2021- MoU to allow French Security Based Swap Dealers (SBSD) to benefit from a substituted compliance regime Memorandum of understanding between the Securities and Exchange Commission of the United States, the Autorité des marchés financiers of France and the Autorité de contrôle prudentiel et de résolution of France, concerning consultation, cooperation and the exchange of information related to the Supervision and oversight of certain cross-border over…… the Covered Activities of a Covered Firm and/or any individual involved in the Covered Activities of a Covered … 9. “French Firm” means a credit institution or investment firm that is not a “U.S. Person,” as that term is … Information Sharing 32. In order to fulfill its regulatory mandate and responsibilities or to ensure compliance with a … |
23 June 2021 | Ombudsman’s Blog | In a management mandate, clients may not base their claims on the fact that they have not given any instructions Retail investors can decide to be independent and manage their securities portfolio themselves. In this case, they should be able to understand the meaning of the different types of orders that exist (e.g. "market order", "limit order" etc.) and to react to market fluctuations. They may also opt for a discretionary mandate. In this case, their…… In a management mandate, clients may not base their claims on the fact that … as well as increase the value of her capital, that her investment horizon was more than five years and that she was … on the fact that they have not given any instructions … Individual investment mandate … |
05 March 2021 | Policy | Instruction DOC-2019-04 … Real estate investment companies, Forestry investment companies and … orders, purchase orders can specify a validity period. The individual placing the order can stipulate that their order … by the investment management company is indicated in the mandate. It cannot be greater than the price at which the … |
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