25 April 2018 | Public statements | Speech by Robert Ophèle, President of the AMF, to the 'Virtual Currencies' fact-finding mission set up by the National Assembly Finance Committee Chairman: Eric Woerth, Rapporteur: Pierre Person - 5 April 2018 … offers of "transferable securities" within the meaning of MiFID 2 (Markets in Financial Instruments Directive 2). Yet, … the advantage of bringing tokens fully into the scope of MiFiD and thus making them subject to the secondary market … we wish to offer a more secure environment, we must apply MiFID-II inspired provisions and carry out transactions on … |
12 April 2018 | AMF news release | AMF ombudsman publishes her 2017 annual report AMF Ombudsman Marielle Cohen-Branche has presented her latest annual report at a press conference. Although the number of cases received fell for the first time in five years, 2017 was again marked by strong acceptance of recommendations made, and the mediation process generally, among retail as well as professional investors. … legislation. … Outlook for 2018 … From the introduction of MiFID 2 and PRIIPS regulations to the development of … to implement the intervention measures provided for in MiFID 2 relating to the supply of Contracts for Difference … |
27 March 2018 | AMF news release | The AMF publishes an initial analysis of the impact of the new tick size regime on the French market Market depth, transaction cost, order lifespan, order-to-trade ratio: the Autorité des marchés financiers has reviewed the initial effects of the European harmonised tick size regime resulting from the new MiFID II framework for markets in financial instruments. This very first reading indicates an overall improvement in market quality. … introduced a new harmonized tick size regime with MiFID II. This is aimed at ending the race towards … the first Markets in Financial Instruments Directive – MiFID – came into force). Defined by the European Securities … such as ETFs. The AMF, wishing to evaluate the effects of MiFID II on markets, has conducted an initial analysis of the … |
27 March 2018 | Report / study | MiFID II: Impact of the New Tick Size Regime The AMF publishes an initial analysis of the impact of the new tick size regime on the French market. Market depth, transaction cost, order lifespan, order-to-trade ratio: the Autorité des marchés financiers has reviewed the initial effects of the European harmonised tick size regime, resulting from the new MiFID II framework for markets in… … MiFID II: Impact of the New Tick Size Regime … Télécharger le … harmonised tick size regime, resulting from the new MiFID II framework for markets in financial instruments. This … indicates an overall improvement in market quality. MiFID II: Impact of the New Tick Size Regime … … |
15 March 2018 | Public statements | Speech by Robert Ophèle, AMF Chairman - 'From Brexit to financial innovations, new challenges for financial regulation', OMFIF - Official Monetary and Financial Institutions Forum - 15 March 2018 … obligation" for shares and derivatives imposed on them by MIFID II. In many other fields, equivalence regimes are … we could afford to be more ambitious in the reform of the MiFID third country regime. In the particular case of MiFID, when deciding the conditions under which third country … |
13 March 2018 | News | MiFID II and the separation of investment firms ("IF")-asset management companies ("AMC"): publication of the AMF General Regulation ("GR") After the modification of the French Monetary and Financial Code[1] and in order to transpose the MiFID II provisions, and to implement the legal separation of the legal regime on investment firms from the one of the asset management companies, the AMF has conducted a public consultation to amend its General Regulation to complete both of these… … MiFID II and the separation of investment firms ("IF")-asset … Regulation ("GR") … Ahead of the application of the MiFID II European texts and in the context of the project on … December 2017. Books III and V are modified to comply with MiFID II provisions and also to apply the separation of the … |
23 February 2018 | News | Classification of financial instruments as 'simple' or 'complex' as regards organisational rules for asset management companies: the AMF updates its policy The AMF has amended its policy to propose a simpler and clearer methodology for assessing whether financial contracts and financial securities incorporating a financial contract are 'simple' or 'complex', as regards the management company's organisation and human resources. The Authority has also clarified the characteristics of strategies that… … concerned in light of the instruments transposing MiFID II and separating the legal framework applicable to … |
22 February 2018 | AMF news release | The AMF considers that the offer of cryptocurrency derivatives requires authorisation and that it is prohibited to advertise such offer via electronic means Following an analysis of the legal qualification of cryptocurrency derivatives, the AMF has reached the conclusion that platforms which offer these products must abide by the authorisation and business conduct rules, and that these products must not be advertised via electronic means. … is not defined in EU legislation per se. Within the MiFID framework, EU lawmakers only set out a list of … offer cryptocurrency derivatives fall within the scope of MiFID 2 and must therefore comply with the authorisation, … |
01 February 2018 | Ombudsman’s Blog | If the client does not provide the information on the MiFID questionnaire, the bank must refrain from providing investment advice … If the client does not provide the information on the MiFID questionnaire, the bank must refrain from providing … If the client does not provide the information on the MiFID questionnaire, the bank must refrain from providing … -online-diary/latest/if-client-does-not-provide-information-mifid-questionnaire-bank-must-refrain-providing-investment … … |
22 January 2018 | Annual Report | 2018 Priorities The 2018-2022 Strategy for the AMF defines a mid-term vision which is rolled out each year with action and supervisory priorities. Key areas of focus for 2018 will include assisting market participants with the implementation of MiFID and support a stronger role for the ESMA as part of the European Supervisory Authorities' review. … assisting market participants with the implementation of MiFID and support a stronger role for the ESMA as part of the … assisting market participants with the implementation of MiFID and support a stronger role for the ESMA as part of the … |