06 September 2019 | Policy | Position - Recommendation DOC-2018-02 Position-recommendation DOC-2018-02 aims to clarify the AMF's expectations on the marketing of crowdfunding offers, calculation of default rates and run-off management of platforms. In particular, it specifies the best practice for securities and minibons crowdfunding in relation to providing information that is balanced, clear, accurate and not…… of default rates and run-off management of platforms … Investment services providers Other professionals Marketing … that market minibons. It is aimed at crowdfunding investment advisors and investment services providers. … … and investment services providers offering crowdfunding advice (ISP-CAs). 1. Brief description of public offerings … End of applicability on 10 November 2023 |
06 September 2019 | Policy | Instruction DOC-2014-11 Pending AMF authorisation of one or more associations of crowdfunding investment advisers (CIAs), the AMF shall review the professional skills and ability of applicants to comply with the business conduct and organisational rules provided for in the AMF General Regulation. The AMF will conduct its review on the basis of an application file whose…… process of registration applications by crowdfunding investment advisers and the transmission of annual … process of registration applications by crowdfunding investment advisers and the transmission of annual … capacity and investment goals before providing an advice. It should also describe how its tools function, … End of applicability on 10 November 2023 |
06 September 2019 | Policy | Position DOC-2014-10 … commitment basis and crowdfunding … Other professionals Investment services providers Investment services Policy This page is not available in … a firm commitment basis) and the latter (investment advice service). Such platforms can be regarded as not … End of applicability on 10 November 2023 |
02 September 2019 | AMF news release | First mystery shopping campaigns under MiFID II: the AMF examines the practices of 11 retail banks The AMF has been carrying out mystery shopping since 2011 to assess the conditions under which financial products are marketed, on the basis of the process of assessing of the "customer" profile and needs, as well as the advice provided. One year after the implementation of MIFID II, how are practices progressing?… obtain concrete information and observe bank advisers in investment advisory situations, the AMF carried out two … … In addition to the "prospective customer" coming to get advice on investing a donation of €70,000, for the first … on average, against three in 2015; Legal and fiscal investment format were very widely offered: life insurance … |
02 September 2019 | Ombudsman’s Blog | The challenge of recommending a suitable financial product for the client's specific situation … financial product for the client's specific situation … Investment advice … Collective investments … |
24 July 2019 | Policy | Position DOC-2012-08 This page is not available in English at the moment… Placement services and marketing of financial instruments … Investment services providers Marketing Policy The AMF … service is not provided when products offering an investment solution (CIS and structured debt instruments) are … services to the investor, for example investment advice or order reception and transmission on behalf of third … |
11 July 2019 | Public statements | Speech by Robert Ophèle, Chairman of the AMF at the European Fund and Asset Management Association's Annual General Meeting - 21 June 2019 … markets, providing a fruitful representation of the investment management industry with acute analysis, useful … I could mention the possible consequences of passive investment and common ownership but I will not elaborate on … their customers. ESMA has recently finalized its technical advice to the Commission on the desirable amendments of Level … |
08 July 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines an investment services provider and three financial investment advisors for breaching their professional obligations In its decision of 2 July 2019, the Committee issued a reprimand to Invest Securities, an investment services provider (ISP), and fined it €90,000 for failing to carry out the necessary checks prior to the marketing of a British alternative investment fund (AIF) that was not authorised in France. The Committee also fined Mr Carlotta and the…… Committee of the Autorité des Marchés Financiers fines an investment services provider and three financial investment advisors for breaching their professional … of the clients, who must benefit from professional advice in accordance with the applicable regulations. … |
04 July 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a company for breaching its professional obligations as a financial investment advisor, and its chief executive officer In its decision of 1 July 2019, the Committee fined Prado Paradis Patrimoine €50,000 for breaches of several of its professional obligations. It also imposed a fine of €100,000 on its CEO, Solange Dahan, and issued a reprimand to her.… for breaching its professional obligations as a financial investment advisor, and its chief executive officer … Prado Paradis Patrimoine provided advice on a range of different financial products, including … Maranatha hotel group. The Committee found the financial investment advisor and its CEO guilty of four series of … |
21 June 2019 | Policy | Position DOC-2011-08 This page is not available in English at the moment… outset). These contracts should therefore be regulated as investment services, not banking transactions. “This does not … is for information purposes only 2/3 3) What are the investment services supplied by providers offering services … may also supply other services, including investment advice to clients or portfolio management services for third … |
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