15 June 2022 | AMF news release | The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment publishes its 2021 annual report In a highly dynamic capital markets environment, the Joint Unit of the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) continued its theme-based work in 2021, and also continued to monitor and oversee commercial practices. The two authorities also stepped up their cooperation in the fight… … several of its theme-based projects. Work on the digital marketing of financial savings products continued throughout … with regard to this group of customers, to avoid the marketing of unsuitable products, and to address the areas … |
10 June 2022 | News | Digital assets: the AMF updates its policy on DASPs The AMF has revised its policy (Position DOC-2020-07) on the regime for digital asset service providers to reflect changes in the products and business models of industry players. Some provisions have been clarified, while those that have become obsolete have been removed. … has been completed to clarify the concept of promotional marketing that enables a digital asset service to be located in France: this marketing is considered to have been effectively sent by the … that can be understood by all French customers in their marketing materials and when dealing with complaints from … |
02 June 2022 | Enforcement Committee news releases | The AMF Enforcement Committee fines a financial investment advisor and its manager for breaches of their professional obligations In its decision of 25 May 2022, the Enforcement Committee banned Audit Patrimoine Conseil and its manager, Serge Monin, from exercising the activity of financial investment advisor for a period of 10 years and also imposed a fine of €150,000 on Mr Monin. … funds and that their shares were not authorised for marketing in France, as the funds were not managed by an … |
23 May 2022 | AMF news release | The AMF publishes a summary of its findings regarding the costs and fees of UCITS marketed to retail investors As part of a European supervision exercise, the AMF examined the practices of asset managers concerning the definition and monitoring of the costs and fees related to UCITS management. The AMF announces changes to its General Regulation and its policy on turnover fees and fund marketing. … conflicts of interests; fees disclosure via regulatory and marketing documentation available for the UCITS in the … of this change. The second change concerns the marketing of active funds featuring high fees despite a … the disclosure of costs and fees in UCITS' regulatory and marketing documentation are operational. It did note one … |
23 May 2022 | News | The AMF updates its policy on funds with high fees Following the Common Supervisory Action (CSA) on the practices of portfolio asset management companies with regard to management costs and fees, the AMF has reviewed the marketing of active funds that are close to their benchmark and passive funds with high fees, and has decided to upgrade its policy in order to specify the requirements applicable… … provided to investors were not enough to limit the marketing of active funds that closely tracks their benchmark … checks that distributors are required to carry out before marketing active funds. … AMF clarification on active funds … … to management costs and fees, the AMF has reviewed the marketing of active funds that are close to their benchmark … |
19 May 2022 | Warning | The AMF and the ACPR warn the public against unauthorised Forex trading offers from Omega Pro Ltd The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), which had already blacklisted www.omegapro.world in 2020, have added another site belonging to the same company, Businessempire.fr, which also offers Forex trading services without being authorised to do so. … is similar to the aggressive practices of multi-level marketing (MLM) companies that sell trading training packs, … |
18 May 2022 | AMF news release | With the publication of its 2021 annual report, the AMF reviews its five-year strategic plan, #Supervision2022 The AMF has reviewed the actions taken in 2021 to ensure investor protection as well as the smooth operation of financial markets, and assessed them in light of the strategic orientations set for 2018-2022. As this strategic cycle draws to a close in an economic context hard hit by the conflict in Ukraine, the AMF Chairman outlines the main… … Ophèle. Regarding the digitisation of the cross-border marketing of financial products, the AMF Chairman called on … |
04 May 2022 | Enforcement Committee news releases | The AMF Enforcement Committee fines a financial investment advisor and its manager for breaches of their professional obligations In its decision of 26 April 2022, the Enforcement Committee issued a reprimand and imposed a fine of €150,000 on Auvergne Investissement Hôtels. It also banned its chairman, Serge Emery, from exercising the activity of financial investment advisor for a period of five years and fined him €50,000. … investment funds (AIF) that were not authorised for marketing in France. The Committee considered that in marketing these two AIFs to twelve of its clients, the … |
21 April 2022 | AMF news release | The ACPR and AMF are urging professionals to improve their practices in online marketing of savings products and financial instruments Studies conducted by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) have highlighted good practices and some shortcomings in the information provided to and collected from clients when they sign up for financial products online. The two authorities are calling on professionals to improve… … urging professionals to improve their practices in online marketing of savings products and financial instruments … The … Unit has conducted a series of works to assess online marketing practices for life insurance contracts and … urging professionals to improve their practices in online marketing of savings products and financial instruments … … |
06 April 2022 | Household Savings Newsletter | AMF Household Savings Observatory Newsletter - No. 48 This Letter is dedicated to promotional communications and advertisements on savings and investment products and services, which are the subject of continuous monitoring by the AMF. It presents the most highlighted products in 2021. It also presents the requests sent in 2021 to its public relations center, AMF Epargne Info Service. … … AMF Household Savings Observatory Newsletter - No. 48 … Marketing … Savings protection … Financial Scams … |