04 December 2024 | News | The Listing Act is entering into force on December 4, 2024 The AMF presents the main features of the implementation timeline for the Listing Act, which introduces, in a phased manner starting from December 4, 2024, significant changes to European regulations concerning the listing of companies. … and medium-sized enterprises; A directive amending the MiFID II directive: Directive (EU) 2024/2811 of October 23, … evaluation of the civil liability regime; Related to the MiFID II Directive: a consultation open until January 28, … |
04 December 2024 | In-depth | The Listing Act: Facilitating Companies' Access to European Capital Markets The Listing Act introduces significant changes to European regulations. In this document, the AMF outlines its main features. While some provisions will come into force as early as December 4, others will be implemented gradually, with delays of 15, 18, and 24 months following its entry into force. … of research and order execution services introduced by MiFID II in 2018. As of June 6, 2026 (date of application of the amended MiFID II directive), investment service providers, as defined by article 4(1)(1) of MiFID 2, will once again be allowed to bundle research fees … |
21 November 2024 | Ombudsman’s Blog | Early closure of an ETF: rights and obligations of the distributor and fund management company Since the beginning of 2024, the AMF's Active Retail Investor Dashboard has seen a sharp rise in the number of investors who have bought or sold exchange-traded funds (ETFs). These investors should be aware, as the dossier I am presenting this month illustrates, that the investment management company can decide to liquidate an ETF early, at any… … terms of the Markets in Financial Instruments Directive (MiFID) investor categories, and that she had subscribed to … to be an qualified client within the meaning of the MiFID categories, and that she had purchased the units of … |
13 November 2024 | AMF news release | ETFs win over newcomers as they invest into the stock market The Autorité des Marchés Financiers (AMF) has noted the rise in trading of exchange-traded funds (ETFs) which aim to track the performance of an index, in its latest Active Retail Investor Dashboards. Its in-depth analysis of this trend and the concerned investors profile shows that younger investors are very much inclined to invest in ETFs. … as they invest into the stock market … ETF … Equity … MIFID … |
13 November 2024 | Report / study | Retail investor ETF activity The Autorité des Marchés Financiers (AMF) has noted the rise in trading of exchange-traded funds (ETFs) which aim to track the performance of an index, in its latest Active Retail Investor Dashboards. Its in-depth analysis of this trend and the concerned investors profile shows that younger investors are very much inclined to invest in ETFs. … issuers … Retail investor ETF activity … ETF … Equity … MIFID … Marketing … Order … |
08 October 2024 | Policy | Position - Recommendation DOC-2012-19 - Programme of operations guide for asset management companies and self-managed collective investments The position-recommendation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the "four eyes" (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis,… … been updated for the laws and regulations that transpose MiFID II and legally separate investment firms from asset … been updated for the laws and regulations that transpose MiFID II and legally separate investment firms from asset … are all professional investors under the terms of MiFID. Investors are nonetheless reminded that that these … |
13 September 2024 | Ombudsman’s Blog | Anti-money laundering: a securities account may be closed if a client fails to update relevant personal information Financial institutions are bound by strict Know Your Client (KYC) obligations to comply with their anti-money laundering and combating the financing of terrorism (AML/CFT) requirements. Clients should be extremely vigilant when they receive requests from their banks. As can be seen from this month’s case, the bank in question had every right… … with the markets in financial instruments regulations (MiFID II), or verifying the identity and origin of resources … to respond are quite different depending on whether a MiFID questionnaire or an AML/CFT request is involved [1] : … |
08 August 2024 | | Investment services providers Do you want to provide investment services or obtain approval as a Digital Asset Service Provider (DASP) ? Do you want to make your reporting to the AMF ? You will find all the information here. … subject here. 2. Make my reporting to the AMF Fermer 2. MiFID II transaction reporting, suspicious transaction … |
17 July 2024 | News | The activity of retail investors active in equities and ETFs increased further in Q2 2024 Each quarter, the Autorité des Marchés Financiers (AMF) provides an overview of the number of retail investors who have made at least one transaction in a financial instrument during the previous quarter. In the 2nd quarter of 2024, their activity increased, particularly in ETFs. … the European Markets in Financial Instruments Directive, MiFID 2, in January 2018. … Read more … The Active Retail … |
16 July 2024 | News | The AMF proposes a methodology for calibrating the thresholds determining the transparency regime applicable to corporate bond transactions. The AMF takes stock of the current transparency regime, and suggests that, with a view to its revision, an approach be adopted that weighs up the gain in terms of access to information against the cost in terms of liquidity and efficiency. … transactions. … The revisions to the MiFIR regulation and MiFID 2 directive, which together regulate investment … regime applicable to corporate bond transactions. … MIFID … Fixed income … |
