13 February 2024 | Policy | Position DOC-2008-23 These questions and answers provide clarifications on the criteria for defining an investment service of investment advice, and on the requirements incumbent upon the investment services provider when it provides such a service. … possible for an investment services provider to provide an order reception and transmission service or an execution-only … that the client invests in bonds rather than stocks in order to obtain regular income, and it turns out that this … that the client is invited to contact his adviser in order to ensure that the information on which the test was … |
12 February 2024 | 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. … of transaction reporting. However, an ISP acting as an order receiver and sender is subject to the reporting … for example, to the entity to which it is sending the order for execution. In that case, the ISP acting in its RTO … a specific form . For requests concerning orders (every order not necessarily giving rise to a transaction), the AMF … |
07 February 2024 | News | Consequences from 2024 of the transposition of the CSRD for large listed companies The Corporate Sustainability Reporting Directive, known as the "CSRD", was transposed into French law in December 2023. The aim of this directive is to improve the quality and comparability of sustainability reporting. As from 2024, large listed companies are covered by the new obligations. … of 17 October 2023 amending the Accounting Directive in order to limit the administrative burden for SMEs and take … assessment. It also provides possible steps to follow in order to carry out this materiality analysis; a second … |
07 February 2024 | In-depth | CSRD sustainability reporting: preparing for the new requirements The European directive on Corporate Sustainability Reporting (CSRD) and its mandatory European Sustainability Reporting Standards (ESRS) gradually apply as of January 2024. In line with its approach of providing support for listed companies, the AMF proposes a few points that listed companies could consider for the preparation and correct… … October 2023 amending the European Accounting Directive in order to limit the administrative burden for SMEs and take … of the exposure to climate-related risks of suppliers in order to assess the company’s own sustainability … |
06 February 2024 | AMF news release | AMF encourages investment services providers to strengthen their procedures for handling client complaints In a series of short, thematic inspections carried out at five institutions, the AMF found a number shortcomings in terms of compliance with the applicable requirements. In a summary document, it revisits the regulations, explains its expectations, and highlights the good and poor practices observed. … the client, whose sole remit is to handle complaints, in order to improve the quality of this process; providing for … ensure that complaints receive high-quality responses in order to avoid standard responses, and to provide the … |
01 February 2024 | Article | Data Quality: MiFIR transaction reporting (article 26 of MiFIR) – Fields related to the identification of retail investors In the context of a data quality campaign related to the identification of retail investors in MiFIR transaction reporting, AMF has identified frequent mistakes related to:the identification code for retail investors as buyers or sellers (e.g. CONCAT code for French natural persons),their first and last names,their birth date.AMF reminds that… … firms to strengthen their own control systems in order to improve the quality of information transmitted to … person by concatenating the following elements, in the order indicated: the country code of the person's … 9-10 and 18-19) … REMINDER OF APPLICABLE REGULATIONS … In order to fill in all the fields requiring the "First name(s)" … |
26 January 2024 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair - New Year address to the financial centre - Thursday 18 January 2024 … European standards on ELTIFs and only these standards, in order to create a favourable environment for the creation of … |
25 January 2024 | News | Entry into force of the revised European Long-Term Investment Fund Regulation (ELTIF 2) - AMF clarifies fund authorisation requirements The ELTIF 2 Regulation enters into force on 10 January 2024. In light of this, the Autorité des marchés financiers (AMF) is updating the form for the authorisation of existing or newly created funds as ELTIFs.It also sets out the conditions for taking advantage of the option offered by French law to encourage the development of ELTIFs, whereby… … provisions of the Monetary and Financial Code on SPFs in order to facilitate their transformation into an ELTIF 2 … Code relating to professional specialised funds (FPS) in order to facilitate their transformation into an ELTIF 2 … Code relating to professional specialised funds (FPS) in order to facilitate their transformation into an ELTIF 2 … |
18 January 2024 | AMF news release | The AMF publishes its action plan and supervisory priorities for 2024 Marie-Anne Barbat-Layani, Chairwoman of the Autorité des marchés financiers (AMF), outlined the AMF’s priorities for the coming twelve months to the press, in line with the “Impact 2027” strategic guidelines defined in 2023. All these priorities reflect the AMF’s commitment to strive each day to protect investors and enhance the attractiveness of… … … An attractive authority serving the public interest … In order to better report and improve its performance, the AMF … |
16 January 2024 | Warning | The Autorité des marchés financiers (AMF) is warning professionals about the extensive fraudulent and malicious use of its name, with links to various websites that could trick people into running a malicious computer program The AMF has been informed that a number of players, both regulated and unregulated by the AMF, have received emails and phone calls impersonating the AMF and one of its staff members, inviting them to visit fraudulent sites. To date, two different instances of impersonation have been observed, with no factual evidence to confirm or deny that they… … message and not to run the malicious computer program, in order to prevent any risk of infection; implement appropriate … |