25 January 2020 | Article | What is the Ombudsman’s remit? The AMF Ombudsman can be approached by any saver, retail investor or professional (company, non-profit association, pension fund, etc.) that has an individual dispute with a financial intermediary or an issuer.… and reception of stock market orders account keeping services for a security account, personal equity plan, etc. … … loans). Furthermore, it does not advise on individual investment opportunities or on whether a financial … the existing national complaint schemes for financial services have joined together in a cooperation network … |
23 January 2020 | Article | How does the mediation procedure work ? The Ombudsman handles complaints and mediation requests in accordance with law and equity, issuing recommendations in order to reach out-of-court settlement and avoid legal proceedings. The mediation procedure is set down in a charter and takes place in several stages.… … Before requesting mediation, you must first write to the investment services provider or company that you have a dispute with. If … |
23 January 2020 | Article | Create an investment management company in France Are you a French company wishing to provide asset management services? Here you will find useful information to help you prepare your authorisation or registration application.… Create an investment management company in France … Overview of how to … in principle, AIF management requires authorisation as an investment management company. The regulatory authorisation … provided in AMF Instruction Management companies and other services providers - Management company authorisation & … |
17 January 2020 | Public statements | Speech by Robert Ophèle, AMF Chairman - 2020 New year wishes - Wednesday 8 January - Palais Brongniart Check against delivery… €40 billion of debt financed €70 billion of real estate investment and €75 billion of investment in fixed income products, mainly sight deposits, … be focused on the arrangements for providing cross-border services and on taking into account the provisions on … |
14 January 2020 | Report / study | Key figures for asset management in 2018 - Own funds of asset management companies Own funds are a key indicator of the financial health and sustainability of the business activity of portfolio asset management companies. The total amount of own funds declared by asset management companies amounted to €5.5 billion at 31 December 2018.… sustainability of the French asset management sector. … Investment of own funds by portfolio asset management … company may decide to invest part of its own funds in investment vehicles that do not comply with the … firms and, to a lesser extent, subsidiaries of investment services providers. The conclusions remain the same, if we … |
09 January 2020 | Policy | Recommendation DOC-2013-08 … 22 2.8. Investment properties … shall be the same from period to period.” 32 As regards investment properties, the IFRS allow issuers to choose … costs may be for instance: - Costs associated with support services, - Costs associated with the setting up of new … or - Royalties and rebilled expenses expected from the services provision agreement entered into (for instance, … |
08 January 2020 | AMF news release | The Autorité des Marchés Financiers unveils its priorities for 2020 During his New Year address to the press, AMF Chairman Robert Ophèle presented the regulator’s priorities for action and supervision for 2020. As the United Kingdom prepares to leave the European Union, the AMF is working to make financial markets more efficient, better integrated and more attractive.… which at the same time maintains retail investor trust in investment offers by stepping up the fight against financial … (MiFID 2), Liquidity contracts, Provision of cross-border services, Transition of benchmarks. Distribution players: … of requirements regarding the suitability of investment services or products to the client’s profile as … |
08 January 2020 | Report / study | Key figures for asset management in 2018 - Control systems in portfolio asset management companies In 2018, the number of employees working in compliance and internal control in the French asset management industry was practically stable compared with 2017. The number of person-days dedicated to this function rose slightly by 1.6%, from 124,920 to 126,978 between 2017 and 2018. Nevertheless, we observed another slight drop in the number of…… asset management companies providing control or assistance services to other entities of the same group seemed to have … per billion euros of assets managed under collective investment schemes are the management companies that are subsidiaries of investment services providers (386 person-days on the average … |
20 December 2019 | Warning | The Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel et de Résolution warn the public against the activities of several websites and entities proposing forex investments or proposing online investment services in France for deriv... With the objective of protecting investors, the AMF and the ACPR regularly update their black lists of new websites and entities offering investments in the unregulated foreign exchange (Forex) market in France and sites offering derivative products whose underlyings include crypto assets without being authorised to do so.… entities proposing forex investments or proposing online investment services in France for deriv... … New unauthorized websites … or the list of authorised intermediaries in the financial investment advisor (FIA) or participating investment advisor … |
20 December 2019 | Warning | The Autorité des Marchés Financiers (AMF) is warning the public against several companies proposing atypical investments or offering binary options trading without being authorized to do so With the objective of protecting investors, the AMF regularly update her black lists of new websites and entities proposing atypical investments or offering binary options without being authorized to do.… the intermediary offering banking or financial products or services is authorised to operate in France, you can view the … or the list of authorised intermediaries in the financial investment advisor (FIA) or participating investment advisor (PIA) categories … |
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