17 February 2021 | AMF news release | The AMF publishes a summary of its short thematic inspections on liquidity contracts In 2020, the AMF carried out a series of inspections at five firms to analyse how they have implemented liquidity contracts on behalf of listed companies as part of its accepted market practice. Its investigations highlighted many good practices together with some poor practices and shortcomings. … provided in Article 13 of the Market Abuse Regulation (MAR). The accepted market practice established by the AMF … benefit from the exemption framework provided for in the MAR. Above this level, transactions carried out on the market … |
17 February 2021 | Spot Inspections | Summary of SPOT inspections on liquidity contracts As announced in the AMF’s supervision priorities for 2020, a series of short thematic “SPOT” inspections targeting liquidity contracts was carried out. The inspections were conducted under the provisions of AMF Decision 2018-01 of 2 July 2018 on establishing liquidity contracts on equity securities as accepted market practice.
A liquidity… … Council of 16 June 2014 on market abuse (hereinafter the “MAR”). Accordingly, the prohibition of market manipulation as referred to in Article 15 of the MAR does not apply when an order or transaction has been … Council of 16 June 2014 on market abuse (hereinafter the “MAR”). Accordingly, the prohibition of market manipulation as … |
18 December 2020 | News | Liquidity contract: the AMF extends by six months the period of application of the accepted market practice that came into force in January 2019 Effective since January 1, 2019, the accepted market practice on liquidity contracts is currently under review in accordance with the Market Abuse Regulation. Due to the COVID-19 crisis, it has been extended until June 30, 2021 to allow the regulator to finalize its analyses. … market practice that came into force in January 2019 … MAR … |
07 April 2020 | News | Crypto-asset markets: the AMF responds to the European Commission consultation Two years after the publication of its Fintech Action Plan, the European Commission is working on a new strategy to promote digital finance in the EU, while addressing the new risks it raises. It has launched a public consultation, open from 19 December 2019 to 19 March 2020, on the development of a European framework for crypto-assets markets… … Regulation, AIFM Directive, UCITS Directive, EMIR and MAR (questions 54 to 112). The Autorité des marchés … |
02 April 2020 | News | Market activities continuity during the Covid-19 pandemic: the AMF states its expectations In order to fully accompany financial market professionals in the current context, the AMF reminds the financial industry of the various requirements arising from the European texts. Where possible, for example in the case of non-critical requirements, the Authority has decided to grant participants time extensions. … the firms in accordance with the market abuse regulation (MAR) should consider market conditions. The AMF is of the … |
25 February 2020 | Article | Preparing a bond issue You are preparing an issue of debt securities (that do not give access to equity) and you have questions concerning your obligations and the formalities required by the AMF? You will find here useful practical information on preparing your transaction and the contact details of the AMF's Banking, Insurance and Bond Market Unit. … traded. … Obligations arising from the "Market Abuse" (or "MAR") legislation … When debt securities are admitted to … (EU) 596/2014 of 16 April 2014 on market abuse (the "MAR"). In particular, you will have obligations to disclose … |
25 February 2020 | In-depth | SMEs : The AMF assists you with all your stock market formalities You are a small or medium-sized enterprise? To help you meet the challenges of compliance with stock market regulations, a dedicated team assists you with all your stock market formalities. Attentive to your needs, our SME task force proposes instructive workshops, forums and guides to help you decipher the regulations. Find the useful information… … of the entry into force of the Market Abuse Regulation – MAR, etc.). These training sessions are also an opportunity … |
28 January 2020 | News | The AMF publishes a study about stock market cybercrime The Autorité des Marchés Financiers (AMF) has published a study on stock market cybercrime to shed light on the issues, operating methods and problems of potential stock market violations that the regulator could face. Focus on the main findings of this study. … The AMF publishes a study about stock market cybercrime … MAR … Markets … Risk and Trend Mapping … |
25 April 2019 | Enforcement Committee news releases | The Enforcement Committee of the Autorité des Marchés Financiers fines a company engaged in a recovery plan for having concealed its difficulties, and its executive corporate officers (and their companies) for breaches of insider dealing regulations In its decision of 17 April 2019, the Committee handed down fines to Montaigne Fashion Group, the company's former Chairman and CEO, Mr Edouard Hubsch, and its former Deputy Chief Executive Officer in charge of Communication, Mr Philippe Gellman, for amounts of €90,000, €250,000 and €180,000 respectively. It also imposed fines on three companies… … three companies related to the corporate officers, Jekiti Mar Capital, Financière du Phœnix and SCI Plainville, for … three companies related to the corporate officers, Jekiti Mar Capital, Financière du Phœnix and SCI Plainville, for … |
30 January 2019 | News | Disclosure of inside information - Best practices The Autorité des marchés financiers reviews best practice rules aiming at the correct handling of inside information within listed issuers. … the issuer. Article 7 of the EU’s Market Abuse Regulation (MAR) specifies that inside information may take the form of … prices of financial instruments [...]”. Article 17 of the MAR regulation stipulates that: “An issuer shall inform the … within listed issuers. [ 1 ] Pursuant to Article 17 of the MAR, the ability to delay the publication of inside … |