01 January 2024 | Policy | Position - Recommendation DOC-2006-23 … Questions and answers on the rules that apply to financial investment advisers … Other professionals Investment services Policy These questions and answers aim to … direct marketing of banking or financial products for an advice service. … Textes de référence … Article L.541-1 of … |
01 January 2024 | Policy | Instruction DOC-2019-24 … assets portfolios on behalf of third parties; 5c) advice to investors in digital assets; 5d) the underwriting of digital assets; 5e) the guaranteed investment of digital assets; 5f) the non-guaranted investment of digital assets. 1.2. ACRONYMS AND DEFINITIONS … |
22 December 2023 | Ombudsman’s Blog | Failure to reply to a Know Your Customer questionnaire: different consequences depending on whether the questionnaire is intended to assess the client or to combat money laundering The Know Your Customer questionnaires submitted by financial institutions pursue specific objectives in the business relationship between them and investors: to provide a service tailored to their clients and to comply with their anti-money laundering obligations.I had the opportunity to go over these objectives and the different consequences of…… intermediary has a duty to refrain from providing any advice. However, institution B’s customer service department … the file, I noted that the conduct of business rules for investment service providers therefore did not, as Mr L had … to institution B during a telephone conversation with the investment services compliance officer (RCSI), who … |
22 December 2023 | Enforcement Committee news releases | AMF Enforcement Committee fines a financial investment advisor and its director for breach of professional obligations In its decision of 19 December 2023, the Committee imposed a fine of €15,000 on each of the respondents, Séquence 13 and its director, Jean-Louis Lehmann, and banned them from acting as financial investment advisors for five years.… AMF Enforcement Committee fines a financial investment advisor and its director for breach of … November 2018 and October 2021, in the context of its investment advisory and asset management related consultancy … of the existence of any remuneration received for its advice, to justify the improvement of its advisory service … |
20 December 2023 | Policy | Position - Recommendation DOC-2020-03 Position-Recommendation DOC-2020-03 sets out the information on the consideration of non-financial criteria that French collective investment undertakings and foreign UCITS authorised for marketing in France may disclose. These provisions are described for the various regulatory documents (key investor information documents, prospectus) and…… Information to be provided by collective investment schemes incorporating non-financial approaches … … Recommendation Information to be provided by collective investment schemes incorporating non-financial approaches … by different means (advertising, direct marketing, advice, etc.) with a view to encouraging an investor to … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … companies and self-managed collective investments … Investment management companies Organisational rules Policy … regulations that transpose MiFID II and legally separate investment firms from asset management companies. The update … of UCITS/AIF managed by another manager 3 - Investment advice AMF Position–Recommendation: Guide to preparing the … |
09 November 2023 | AMF news release | An OECD study for the AMF profiles new French retail investors In order to gain a better understanding of retail investors who have started to invest in the markets since 2020, the Autorité des Marchés Financiers (AMF) has requested the support of the European Commission, which has designated the Organisation for Economic Co-operation and Development (OECD) to assist it in its efforts to target this audience…… retail investors, of which over a thousand had bought investment products for the first time in the last three … is that almost one in four French people claim to hold an investment in financial instruments or crypto-assets. Half of … particularly those from more modest backgrounds, seek no advice or information before investing. The type of sources … |
25 October 2023 | Public statements | Closing speech by Marie-Anne Barbat Layani, AMF Chair - 16th Seminar of the Enforcement Committee, Thursday 12 October 2023 … sanction proceedings against an association of financial investment advisers. I would like to remind you that the four … and controls: the creation of a legal privilege for legal advice given by in-house lawyers. This kind of privilege … Infrastructures … Professional investors … Journalists … Investment services providers … Investment management … |
03 October 2023 | Policy | Position DOC-2019-03 … MIFID II suitability requirements … Investment services providers MIFID Policy … Textes de … is to clarify the procedures that must be carried out by investment services providers (ISPs) to verify the … investment service consists in the provision of investment advice to a professional client covered by Section 1 of Annex … |
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…… with respect to clients and their beneficial owners … Investment services providers Anti-money Laundering Policy … to assist portfolio asset management companies, financial investment advisers and crowdfunding investment advisers … commercial, provided that it is linked to the investment advice service and that it lasts over time. In this respect, … |
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