13 January 2026 | Article | Our priorities for Action and Supervision Each year, the AMF publishes its action and supervisory priorities. Aiming to guide the action of the AMF throughout the year, these priorities reflect the requirements of the Institution which works daily to protect investors and the attractiveness of the Paris financial center thanks to quality control.… relating to investment services providers and the marketing of financial instruments … relating to investment services providers and the marketing of financial instruments … relating to investment services providers and the marketing of financial instruments … |
07 January 2026 | In-depth | The AIFM II Directive The AIFM II Directive modifies the rules applicable to UCITS and AIF management companies. This publication, which will be updated regularly, aims to raise awareness among management companies of the main developments provided for by the AIFM II Directive, which must be transposed by 16 April 2026, and which are likely to impact their activity.… funds that can take advantage of a general-public marketing authorisation across the European Union. They … funds that can take advantage of a general-public marketing authorisation across the European Union. They … funds that can take advantage of a general-public marketing authorisation across the European Union. They … |
18 December 2025 | Article | Obtaining a DASP registration/optional licensing Do you want to know in which cases registration with the AMF as a Digital Asset Service Provider (DASP) is mandatory? To obtain an optional licensing? You will find all the information on the subject here, together with the list of registered DASPs and the list of DASPs licensed by the AMF.… and Financial Code following the introduction of direct marketing and quasi-direct marketing supervision, practices now reserved for licensed … |
18 December 2025 | Policy | Instruction DOC-2011-22 - … fund4, requires AMF authorisation. Subject to the marketing procedure arising from Directive 2011/61/EU (for … authorised in accordance with Directive 2011/61/EU – Marketing procedure Where the retail private equity … 421-1 and 421-13 of the AMF General Regulation before marketing units in France to professional clients and retail … |
18 December 2025 | Policy | Instruction DOC-2011-23 - … and communicated to the AMF as part of an application for marketing in France Annex II – Letter of commitment of the … requires the authorisation of the AMF. Subject to the marketing procedure resulting from Directive 2011/61/EU (for … authorised in accordance with Directive 2011/61/EU – Marketing procedure Where the real estate collective … |
18 December 2025 | Policy | Instruction DOC-2011-19 - … 35 Article 36 – Notification procedure for marketing a foreign UCITS in … 35 Article 37 – Examination of the marketing of the UCITS by the … materially less strict than those of the reference UCITS. Marketing materials for the comparable UCITS must not differ … additions or omissions of information between the marketing materials for the comparable UCITS and those for … |
18 December 2025 | Policy | Instruction DOC-2011-21 - … undertaking requires AMF authorisation. Subject to the marketing procedure arising from Directive 2011/61/EU (for … companies authorised under Directive 2011/61/EU – Marketing procedure Where the employee investment undertaking … and 421-13 of the AMF General Regulation before it starts marketing in France to professional clients and retail … |
18 December 2025 | Policy | Instruction DOC-2011-20 - … and communicated to the AMF as part of an application for marketing in France Annex II - Letter of undertaking from the … and communicated to the AMF as part of an application for marketing in France Annex IV - Letter of undertaking from the … requires the authorisation of the AMF. Subject to the marketing procedure resulting from Directive 2011/61/EU (for … |
16 December 2025 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company and its former director a total of €500,000 In its decision of 10 December 2025, the Enforcement Committee imposed fines of €400,000 and €100,000 respectively on the asset management company Novaxia Investissement and one of its former directors, Joachim Azan, for having breached several professional obligations.… retrocession of management fees to distributors for the marketing of the funds and the justification of the … retrocession of management fees to distributors for the marketing of the funds and the justification of the … retrocession of management fees to distributors for the marketing of the funds and the justification of the … |
11 December 2025 | AMF news release | The AMF adapts its policy on complex financial products in response to the rise of crypto-assets The implementation of the European Regulation on Markets in Crypto-Assets (MiCA) and the emergence in Europe of crypto-asset backed financial products have led the AMF to make targeted changes to its policy on complex products. The AMF recalls that crypto-assets can be subject to sharp fluctuations in price.… to the general public and requires that its promotional marketing materials contain a dissuasive warning aimed at … to retail investors and has therefore not reviewed its marketing materials” . In a second position (DOC-2013-12), … volume of at least €50 million over the 30 days preceding marketing, and be tradable on a platform that has obtained … |
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