29 September 2023 | News | Regime applicable to financial investment advisers: update of Position-Recommendation DOC-2006-23 The Autorité des marchés financiers (AMF) has published an update to its Position-Recommendation DOC-2006-23 on the regime applicable to financial investment advisers (FIAs).… Regime applicable to financial investment advisers: update of Position-Recommendation … DOC-2006-23 … Context … FIAs are people who provide advice on investment, investment services and transactions in various … |
07 September 2023 | AMF news release | The AMF and the ARPP launch the Responsible Influence Certificate in Finance The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) have jointly set up a training module for influencers in the financial sector. Their aim is to help professionalise commercial influence, an activity that is now regulated by law. … on best practices in influencer marketing. Given that investment is one of the fields on which many influencers … (excluding banking and insurance). This module covers investment products (equities, bonds, ETFs, funds, … derivatives) and the various services offered (investment advice, portfolio management, order reception and … |
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 advisor (FIA), crowdfunding advisor (CA) or … In this respect, in order to provide the service of advice to subscribers of digital assets, a FIA may decide to … |
17 July 2023 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair – Publication of 2022 annual report AMF and the strategic guidelines for the period 2023-2027 – Monday 26 June 2023 … We will be attentive to the availability and proximity of advice, which must be provided exclusively in the interest of … of retail investors are the pillars for making informed investment decisions: investors must feel capable of having … will therefore be very attentive to the intelligibility of investment vehicles, and transparency regarding fees. This … |
16 June 2023 | News | European Crowdfunding Services Providers: the AMF publishes a position on marketing communications The Autorité des marchés financiers (AMF) has published a Position 2023-05 setting out the requirements applicable to marketing communications of European Crowdfunding Services Providers (ECSPs) providing services in France. This position supplements the requirements applicable to ECSPs’ marketing communications arising from Regulation (EU)…… concerning marketing communications issued by crowdfunding investment advisors (CIAs) and investment services providers offering crowdfunding advice (ISP-CAs) (position-recommendation DOC-2018-02). This … |
12 June 2023 | News | MiFID II suitability assessment: the AMF applies the updated ESMA guidelines The Autorité des Marchés Financiers (AMF) has published an update to its Position DOC-2019-03 to incorporate updates to the guidelines issued by the European Securities and Markets Authority (ESMA) on certain aspects of the MiFID II suitability requirements. The AMF also updaties its Position-Recommendation DOC-2006-23 to extend the scope of these…… its guidelines on suitability assessment when providing investment advice or portfolio management services to reflect: the … which came into force on 2 August 2022 and requires investment service providers to collect any sustainability … |
26 May 2023 | Ombudsman’s Blog | All the information communicated by an adviser to a retail investor must be accurate, clear and not misleading Retail investors can ask an authorised investment firm for financial investment advice so as to be guided in their investment decisions, according to their objectives and their investor profile. Unfortunately, the investment information communicated to retail investors may by incorrect. In that case, the retail investor may consider themselves the…… showed no error, should be taken into consideration for an investment decision on an informed basis. … Recommendation … I therefore informed the investment firm of my different interpretation of the … ask an authorised investment firm for financial investment advice so as to be guided in their investment decisions, … |
16 May 2023 | Policy | Instruction DOC-2014-01 … Programme of activity of investment services providers and information provided to the AMF … Investment services providers Organisational rules Policy For … 321- 1 of the Monetary and Financial Code (i.e. investment advice or portfolio management on behalf of third parties), … |
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 management companies and financial investment advisors, must check that the persons performing … any natural person tasked with providing investment advice or information on financial instruments, investment … |
07 March 2023 | AMF news release | Mystery shopping campaign to bank branches: progress made in the questioning to client, improvements needed in the information provided The new AMF mystery shopping campaign, carried out for the first time as part of a European exercise coordinated by ESMA, shows that institutions are conducting a more in-depth analysis of the situation of future clients than in the previous wave. However, there is still significant work to be done on how fees are presented and on providing…… the mystery visitor was aged around 40 and was seeking investment advice after receiving a donation of up to €50,000, with the … period, in preparation for retirement. MiFID II requires investment services providers to collect information from … |
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