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. … project is also part of the Commission's digital finance strategy and of the European Green Deal. The publication in … |
09 February 2024 | AMF news release | AMF publishes an educational guide on companies’ climate transition plans prepared by its Climate and Sustainable Finance Commission In the run-up to the first publication of the transition plans required under the European directive on Corporate Sustainability Reporting (CSRD), this guide revisits the topic of transition plans for climate change mitigation, the importance of short- and medium-term targets, the allocation of resources to the plan and its governance. … companies to embed long-term objectives within their strategy, and to ensure their management over short and … governance involvement, the evolution of the company’s strategy, the identification of decarbonisation levers, the … |
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… … covers … four areas of reporting … : governance; strategy; process of identification and management of … and monitoring of the company's sustainability strategy, policies and actions. Similarly, the 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 six priority areas set by the AMF in its Impact 2027 strategy. In this field, institutions must comply with the … define a target market and an appropriate distribution strategy to ensure that their products are marketed in a way … |
30 January 2024 | Enforcement Committee news releases | The AMF Enforcement Committee fines seven people, four for price manipulation and three for failing to comply with reporting obligations In its decision of 24 January 2024, the Enforcement Committee imposed fines of between €400,000 and €2,000,000 on Grantchester Equity Ltd, Mr Miron Leshem, Mr Dirck Van Wylick and Mrs Aude Planche for manipulating the share price of Gour Medical, Umalis Group and/or CIOA, which are listed on Euronext Access. It also imposed fines of between €25… … breached their obligations by devising the manipulative strategy and participating in its effective execution and … |
26 January 2024 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair - New Year address to the financial centre - Thursday 18 January 2024 … product information. Our financial education strategy is based first and foremost on a sound understanding … subject is at the heart of the European Retail Investment Strategy project. I've already said that we're paying … The Paris financial centre has made this a key part of its strategy. It must move forward. Society's expectations are … |
19 January 2024 | Annual Report | AMF Supervisory Priorities for 2024 In this document, the AMF presents the supervisory themes for the year 2023 for professionals subject to its supervision. These priorities cover the following areas: asset management, the activities of intermediaries and market infrastructures, and the marketing of financial products. … companies … AMF Supervisory Priorities for 2024 … Strategy … Supervision … Annual report … |
19 January 2024 | Annual Report | AMF Action Plan and Supervisory Priorities for 2024 In this document, the AMF presents its action plan and supervisory priorities for 2024. In line with the "Impact 2027" strategic guidelines defined in 2023, these priorities reflect the AMF's commitment to protecting investors and enhancing the attractiveness of Paris as a financial centre through high-quality supervision. … … AMF Action Plan and Supervisory Priorities for 2024 … Strategy … Supervision … Annual report … |
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… … strategic priority. It will develop a financial education strategy focusing on new investors, based on the analyses … its action plan and supervisory priorities for 2024 … Strategy … Supervision … Institutional … |
21 December 2023 | AMF news release | The AMF publishes summary of third thematic inspection of asset management companies' cybersecurity systems Cybersecurity is one of the main topic identified by the AMF within its risk mapping. With a view to implementing the European Digital Operational Resilience Act (DORA) and in line with its risk mapping, the AMF has examined the cyber risk supervision systems of five institutions in the light of their relationships with their main IT service… … (incidents analysis mechanism, business continuity strategy) and proactive ones (preliminary cyber risks … |