22 February 2019 | | Article 411-129 Book IV - Collective investment products > Title I - Undertakings for Collective Investment in Transferable Securities (UCITS) > Chapter unique - Undertakings for collective investment in transferable securities (UCITS) > Section 7 - marketing of CIS in france > Sub-section 1 - General rules … with the rules of conduct applicable to the service of order execution for third parties while a company that … with the rules of conduct applicable to the service of order reception and transmission for third parties. An AMF … with the rules of conduct applicable to the service of order execution for third parties while a company that … |
22 February 2019 | | Article 422-204 Book IV - Collective investment products > Title II - AIFS > Chapter II - Funds open to retail investors > Section 4 - Real estate investment companies and forestry investment companies > Paragraph 1 - General regime > Sub-paragraph 4 - Disposals … 422-204 … For the purposes of this section: The term "order" used in Article L. 214-93 of the Monetary and Financial Code means any sale or purchase order for SCPI, SEF or GFI shares sent to the management … business, is authorised to receive a sale or purchase order relating to SCPI, SEF or GFI shares The term "person" … |
22 February 2019 | | Article 422-205 Book IV - Collective investment products > Title II - AIFS > Chapter II - Funds open to retail investors > Section 4 - Real estate investment companies and forestry investment companies > Paragraph 1 - General regime > Sub-paragraph 4 - Disposals … instruction, failing which they shall be null and void. An order to sell shall be valid for a period of twelve months. Any shareholder having made or passed on an order shall be informed of the expiry date of the order beforehand. The validity period for the order may be … |
22 February 2019 | | Article 422-218 Book IV - Collective investment products > Title II - AIFS > Chapter II - Funds open to retail investors > Section 4 - Real estate investment companies and forestry investment companies > Paragraph 1 - General regime > Sub-paragraph 5 - Withdrawals … request register and fulfilled in the chronological order in which they are recorded. … … request register and fulfilled in the chronological order in which they are recorded. … Book IV - Collective … |
15 February 2019 | AMF news release | The AMF conducts a more detailed analysis of the effects of the European harmonised tick size regime After an initial study carried out just after the implementation of the harmonised tick size regime in Europe on 3 January 2018, further to the new Markets in Financial Instruments framework (MiFID 2), the Autorité des Marchés Financiers has published an analysis carried out over a longer period. It confirms the positive effects that were… … fluctuations, while generating increased noise in the order book and impairing the price formation mechanism. … point towards greater depth, reduced noise and more stable order books (increase in the median lifespan of orders, lower frequency of modification of the best prices, lower order-to-trade ratio), at constant or even higher volumes for … |
11 February 2019 | News | The AMF Scientific Advisory Board dedicated its meeting of 5 October to the impact of news announcements and social media on the valuation of financial assets At the meeting of the AMF Scientific Advisory Board on 5 October 2018 Thierry Foucault presented an article on the possible impact of the uncertainty surrounding American employment announcements (uncertainty being measured by the corresponding demand for information) on the price of United States sovereign debt securities. Gunther Capelle… … on stock price manipulation. After recalling the main order book manipulation techniques (pump-and-dump schemes, … Twitter messages concerning listed American equities in order to assess the impact on prices and showed attempts of … and most importantly called for a limitation of the order-to-trade ratio (OTR) in order to avoid fostering … |
30 January 2019 | AMF news release | New key figures take up their seats on the Autorité des Marchés Financiers' Board and Enforcement Committee By an order of the Minister for the Economy and Finance dated 17 January 2019 and by decision of the other competent authorities, the Board and Enforcement Committee of the Autorité des Marchés Financiers (AMF) have been renewed by including, for the first time, the provisions of the Order of 31 July 2015 on equal access for women and men to… … - Tel: +33 (0)1 5345 6034 or +33 (0)1 5345 6028 By an order of the Minister for the Economy and Finance dated 17 … by including, for the first time, the provisions of the Order of 31 July 2015 on equal access for women and men to … … By an order of the Minister for the Economy and Finance dated 17 … |
25 January 2019 | Public statements | Speech by Robert Ophèle, AMF Chairman - 2019 New year wishes - Thursday 10 January - Palais Brongniart … at both a European level and a national level, in order to deal with hard Brexit; nevertheless the medium-term … our financial regulations where appropriate, in order to foster the expansion of the capital markets of an … deployed for scanning social media, blogs and forums in order to detect possible fraudulent investment offers even … |
18 January 2019 | Report / study | Key figures for asset management in 2017 - Management company financial data and profitability The operating profit of the French asset management industry rose sharply in 2017 after falling slightly in 2016, The total in 2017 came out at €3,539 million compared with €2,485 million in 2016. The positive trend was the result of growth in operating revenue (up 11.4% year on year), which, all other things being equal, was stronger than growth… … services, the marketing of collective investment schemes, order receipt and transmission, the management of unit-linked … |
17 January 2019 | Report / study | Key figures for asset management in 2017 - Control systems in asset management companies The number of employees working in compliance and internal control in the French asset management industry was practically stable in 2017. The number of person-days decreased slightly, by 0.1%, from 125,010 to 124,920 between 2016 and 2017. Following a 4.5% increase in the total workforce of management companies, the share of the workforce working… … 2 (2) Article 313-53-4 of the AMF General Regulation. in order to formalise "all procedures enabling the investment … |