12 February 2024 | News | The European single access point for financial and non-financial information on European entities (ESAP) enters its implementation phase The ESAP regulation and associated texts have been published in the Official Journal of the European Union. The regulation provides for the access point to be operational from 10 July 2027 at the latest. Some of the technical characteristics of the project are submitted to public consultation until 8 March 2024. … information relating to the Transparency Directive, the Prospectus Regulation and the Short Selling Regulation, and … 2004/109/EC (Transparency Directive) Regulation 2017/1129 (Prospectus Regulation) Regulation (EU) 236/2012 (Short … |
25 January 2024 | Article | AMF Household Savings Observatory The AMF’s Observatory tracks the household savings market. It monitors the evolution of preferences, attitudes and perceptions of French savers and investors. It is interested in the promotional communication regarding investments products, the fees applied and the various distribution channels. … study on the legibility of the information annexed to the prospectus of funds promoting environmental and/or social … |
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… … standards, funds will need to add a note to their prospectus informing investors of the possibility of a … |
01 January 2024 | Policy | Position - Recommendation DOC-2006-23 … in force or, in the absence of such documents, a prospectus on each of the products, financial instruments and … in force or, in the absence of such documents, a prospectus on each of the products, financial instruments and … |
21 December 2023 | News | The AMF updates its policy on disclosures by collective investment schemes incorporating non-financial methods The AMF is updating its Position-Recommendation DOC-2020-03, which defines the disclosures to be made by collective investment schemes incorporating non-financial approaches, to expand its scope to Other AIFs listed as units of account (UA) in life insurance policies sold to non-professional clients in France. … various regulatory (key investor information documents, prospectus) and marketing documents. Other AIFs that have at … |
20 December 2023 | News | Changes to CIU authorisation and declaration processes The ROSA extranet, which is intended to replace the current GECO extranet, will further digitalise interactions between the AMF and investment management companies. Launched for portfolio management companies in early 2021, this tool will be operational for collective investment undertakings in early 2024. With this in mind, the AMF is updating… … Authorisation procedures, preparation of a KIID and a prospectus and periodic reporting for French and foreign … Authorisation procedures, preparation of a KIID and a prospectus and periodic reporting for retail investment … Authorisation procedures, preparation of a KIID and a prospectus, and reporting for employee investment … |
20 December 2023 | Policy | Position - Recommendation DOC-2020-03 Position-Recommendation DOC-2020-03 sets out the information on the consideration of non-financial criteria that French collective investment undertakings and foreign UCITS authorised for marketing in France may disclose. These provisions are described for the various regulatory documents (key investor information documents, prospectus) and… … regulatory documents (key investor information documents, prospectus) and marketing materials. … Textes de référence … … regulatory documents (key investor information documents, prospectus) and marketing materials. … Textes de référence … … sustainability in the financial services sector) and the prospectus refers to the information prospectus (mentioned in … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … with the characteristics of the fund as outlined in the prospectus. Thus, the acquisition of cat bonds, even on an … purposes only come from rate and credit risks but whose prospectus would mention the possibility of exposure to such … with the characteristics of the fund as outlined in the prospectus. Thus, the acquisition of cat bonds, even on an … |
02 November 2023 | Policy | Instruction DOC-2016-02 Instruction DOC-2016-02 describes the organisational conditions that must be fulfilled by a portfolio asset management company managing AIFs wishing to grant loans. It defines the requirements for obtaining authorisation or an extension of authorisation. It also specifies the conditions for reporting to the AMF and the Banque de France for the… … effectively monitor the service provider's activities. The prospectus, articles of incorporation or rules of the AIF … |
02 October 2023 | Policy | Position - Recommendation DOC-2019-16 DOC-2019-16 sets out the due diligence obligations with regard to clients and their beneficial owners, as provided by Articles L. 561-4-1 and following of the Monetary and Financial Code, taking account of the essential contributions of the 4th directive and 5th directive, and notably the reinforcement of the risk-based approach, the distinction… … of a collective investment undertaking, the fund prospectus or equivalent documents identifying the investment … of a collective investment undertaking, the fund prospectus or equivalent documents identifying the investment … |