12 March 2024 | Policy | Position DOC-2019-14 The AMF applies the European Supervisory Authorities' Joint Guidelines, which explain the relevant ML/TF risk factors that financial sector professionals should consider to best adjust the scope of their customer due diligence measures. Chapters 8 and 9 of Title III of the Guidelines include sectoral developments relating to individual asset…… list of the risk factors that should be taken into account by Obliged Entities or which could be relevant, and; … this position apply to asset management companies, central securities depositaries and managers of financial instrument … end investor appears on the register as the owner of the securities, the customer in respect of whom the portfolio … |
11 March 2024 | Ombudsman’s Blog | Stock market orders: for a better understanding of the reasons why price data may be adjusted Certain corporate actions have a direct impact on the price of a listed company's securities and result in an adjustment being made to their historical data. Investors need to understand why this happens: this month's dossier gives me the opportunity to explain this.… … Facts … Mr C informed me that he had instructed his account keeper to place an order to purchase 20 shares in … or 'non-adjusted' filter. … Lesson to be learned … Certain securities transactions, such as bonus share issues, have a … have a direct impact on the price of a listed company's securities and result in an adjustment being made to their … |
13 February 2024 | News | Definition of investment advice: AMF updates its doctrine The Autorité des Marchés Financiers (AMF) has published an update to its Positions DOC-2008-23 on investment advice and DOC-2018-03 on the placing of financial instruments without a firm commitment basis, investment advice and consultancy services provided to firms. These updates have been made to take account of the Supervisory Briefing published…… subject published in 2010 by the Committee of European Securities Regulators (CESR). … Changes made … Until now, … provided additional clarifications, in particular to take account of France's specific characteristics, notably with … of the Supervisory Briefing published by the European Securities and Markets Authority (ESMA) in July 2023 on this … |
13 February 2024 | Policy | Position DOC-2018-03 … that the client's objective12 should be taken into account: … follows from this that advice to an undertaking to issue securities is not investment advice." … form of a sale of the securities that make up its share capital. The … those whose securities are listed on regulated markets or … |
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.… 959800QN4DV2FYZS9Q98 For any request for creation of an account, and for any questions or problems, please contact … 9 of European Regulation No. 909/2014 CSDR on central securities depositories provides that "settlement … a quarterly basis the aggregated volume and value of all securities transactions that they settle outside securities … |
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…… ages. … Inheritance, succession, gifts and transfer of securities … REMINDER OF APPLICABLE REGULATIONS … Point 5.20 … Guidelines specifies the rules applicable to transfers of securities between clients, in particular that such … include a price when no price is paid. Transfers from an account held by a client to a joint account where the client … |
26 January 2024 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair - New Year address to the financial centre - Thursday 18 January 2024 … level. Within the International Organisation of Securities Commissions (IOSCO), we have contributed to the … This advice has a cost, which must be taken into account. But it is just as important that the investment is … that investors' sustainability preferences are taken into account in the client journey. ● I've talked a lot about … |
01 January 2024 | Policy | Instruction DOC-2012-07 … management companies and legal entities issuing registered securities for which they keep custody accounts (hereinafter … estate investment fund or to the holder of pure registered securities (hereinafter referred to as “the client”). It … and quality of complaint handling; • take into account and control the risks which could cause the … |
01 January 2024 | Policy | Position - Recommendation DOC-2006-23 … FIA that performs other activities have a segregated bank account specific to its financial investment advice business? … provision of financial investment advice, or in financial securities other than units or shares of collective … by the adviser, acting in its own name and on its own account. This marketing method does not fall under the regime … |
22 December 2023 | Ombudsman’s Blog | Failure to reply to a Know Your Customer questionnaire: different consequences depending on whether the questionnaire is intended to assess the client or to combat money laundering The Know Your Customer questionnaires submitted by financial institutions pursue specific objectives in the business relationship between them and investors: to provide a service tailored to their clients and to comply with their anti-money laundering obligations.I had the opportunity to go over these objectives and the different consequences of…… or to combat money laundering … Facts … Mr L, who has a securities account with institution B, told me that access to his client … period of time had been granted to the client before his securities account was blocked. I therefore considered it … |
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