28 May 2025 | Retail investors dashboard | The Active Retail Investor Dashboard - No.18 - May 2025 Each quarter, the AMF's Active Investors Dashboard tracks the number of individual investors who have carried out at least one transaction in a financial instrument. It focuses on transactions in listed equities and ETFs. … European regulations on markets in financial instruments (MiFID II), investment services providers (ISP) established in … |
23 May 2025 | In-depth | The European EMIR Regulation The European EMIR Regulation introduced obligations for derivatives market participants: financial or non-financial counterparties carrying out one or more transactions on these markets, central counterparties and trade repositories. With the entry into force of EMIR III, this regulatory framework is evolving to make European central… … derivative financial instrument within the meaning of the MiFID Directive, provided that it is not executed on a … derivatives that qualify as financial instruments under MiFID must be reported, whether they are traded … |
22 April 2025 | News | Fees: the AMF updates its doctrine following the announcement of the abolition of transaction fees in situations of discretionary management Following the announced an amendment to its General Regulation extending the ban on transaction fees to the service of portfolio management on behalf of third parties (discretionary management), the Autorité des Marchés Financiers (AMF) has updated its doctrine to clarify how this ban will be implemented. … relatifs aux exigences d’adéquation de la directive MiFID II (ESMA35-43-1163). 32 Hors groupe. Position - … relatifs aux exigences d’adéquation de la directive MiFID II (ESMA35-43-1163). Avertissement : Le … 13 de la section 9 sur Questions and Answers On MiFID II and MiFIR investor protection and intermediaries … |
22 April 2025 | Policy | Instruction - Position - Recommendation DOC-2019-12 - Professional obligations of investment services providers to retail clients with regard to third-party portfolio management Instruction-Position-Recommendation DOC-2019-12 specifies some of the professional obligations of investment services providers, including portfolio asset management companies, vis-à-vis retail clients with regard to portfolio management on behalf of third parties, for example when entering into the agreements referred to in Article 314-11 of the… … and of the Council of 15 May 2014, referred to as "MiFID II", transposed into the Monetary and Financial Code, … and by certain provisions of the AMF General Regulation. MiFID II reinforces the existing obligations and introduces … and of the Council of 15 May 2014, referred to as "MiFID II", transposed into the Monetary and Financial Code, … |
22 April 2025 | Policy | Position - Recommendation DOC-2013-10 - Inducements and fees received in connection with the distribution and discretionary management of financial instruments Position-Recommendation DOC-2013-10 clarifies the application of the regime governing inducements and fees received in connection with the distribution and discretionary management of financial instruments. … of the European Parliament and of the Council (the “MiFID II Directive”) supplemented by Commission Delegated Directive (EU) 2017/593 (the “MiFID II Delegated Directive”) strengthened the existing … and fees regime resulting from the transposition of the MiFID II Directive1 and the MiFID II Delegated Directive is … |
16 April 2025 | News | The AMF reminds financial investment advisors of their professional obligations when using financial product listing platforms The Autorité des Marchés Financiers (AMF) has noted the use by some financial investment advisors (FIAs) of financial product listing platforms, that have often a regulated status. While such recourse is not in itself contrary to regulations, it does not exempt FIAs from their professional obligations. … (in French only) AMF Position DOC-2018-04: Guidelines on MIFID II Product governance requirements MiFID II - Guide for Asset Management Companies Webinaire sur … |
11 April 2025 | Article | Obtain a trading venue authorisation The market operator or investment firm operating a trading venue is supervised jointly by ACPR and AMF. The trading venue authorisation file to be provided to the French authorities is constituted of the items required by MiFID2 and the related technical standards as well as by the French regulatory framework. … a trading venue authorisation … Market infrastructures … MIFID … |
09 April 2025 | AMF’s EU positions | Towards a more competitive european Pilot Regime: proposals from the French and Italian authorities for fostering experimentation by blockchain-based market insfrastructures The Pilot Regime, which came into application in March 2023, aims to encourage the experimental use of distributed ledger technology (DLT) by market infrastructures. This regulatory initiative is intended to promote innovation while ensuring investor protection and maintaining the integrity of financial markets. The AMF (Autorité des Marchés… … settlement of financial securities (notably with regard to MiFID II, MiFIR, CSDR and the Finality Directive). Under the … major obstacles to new entrants. The requirements of the MiFID II directive and the CSDR regulation imply major … to Multilateral Trading Facilities, as defined under MiFID II. The introduction of an "Organized Trading Facility" … |
31 March 2025 | Article | Make my reporting, notifications and disclosure to the AMF MiFID II transaction reporting, annual RCSI questionnaire, suspicious transaction reporting, disclosure of net short positions, notifications under CSDR, MAR or EMIR. Find here the list of your reporting obligations and the procedures for submission to the AMF for each type of information. … my reporting, notifications and disclosure to the AMF … MiFID II transaction reporting … The regulations, in short … MiFID II (Article 26 of MiFIR) strengthens the obligations … trading and of provision of direct electronic access (MiFID II) … The regulations, in short … The Monetary and … |
28 February 2025 | Professional guide | Guide for writing letters to fundholders of authorised CIUs The AMF has published a guide that sets out the main principles to be observed when writing letters to unitholders or shareholders. It stresses the need to adopt a clear and concise style that will make it easy for investors to understand. … (single class): reserved for professional investors in the MiFID directive e.g. N unit class (single class): all … (single class): reserved for professional investors in the MiFID directive e.g. N unit class (single class): all … (single class): reserved for professional investors in the MiFID directive e.g. N unit class (single class): all … |
