01 August 2022 | | Article 321-101 Book III - Service providers > Title I ter - Asset management companies of UCITS > Chapter IV - Conduct of business rules > Section 1 - General provisions > Sub-section 2 - Primacy of the UCITS' interest and market integrity … carried out in compliance with the objectives, investment strategy and risk limits of these UCITS; when implementing … carried out in compliance with the objectives, investment strategy and risk limits of these UCITS; when implementing … |
26 July 2022 | Policy | Instruction DOC-2010-09 … Universe, Best effort, exclusions, shareholder engagement strategy, impact investing; SRI label CSR: climate risks and … |
01 July 2022 | AMF news release | The AMF continues its data strategy with the release of short selling data to the public Given that it is an important component of its ICData governance programme and strategy of more intensive data exploitation, opening data to the public is a way for the AMF to share its data assets for the benefit of researchers, for example. This data will be accessible on the French public data dissemination platform: data.gouv.fr. … The AMF continues its data strategy with the release of short selling data to the public … important component of its ICData governance programme and strategy of more intensive data exploitation, opening data to … platform: data.gouv.fr. The AMF continues its data strategy with the release of short selling data to the public … |
01 July 2022 | News | Market infrastructures on blockchain technology: publication of the European Pilot Regime regulation The European regulation “Pilot Regime” applies to market infrastructures based on a distributed ledger technology. This regulation, published in the Official Journal of the European Union on June 2, 2022, will enter into force on March 23, 2023. … (AMF) is fully committed to developing a European strategy for digital finance and regularly organises meetups … |
27 June 2022 | Public statements | Speech by Robert Ophèle, AMF Chairman - IOSCO/OECD Virtual Conference on Corporate Bond Markets - 24 June 2022 … are mainly long term investors with a buy-and-hold strategy, open-end funds could be subject to large outflows … |
23 May 2022 | News | The AMF updates its policy on funds with high fees Following the Common Supervisory Action (CSA) on the practices of portfolio asset management companies with regard to management costs and fees, the AMF has reviewed the marketing of active funds that are close to their benchmark and passive funds with high fees, and has decided to upgrade its policy in order to specify the requirements applicable… … of the funds' management objective and investment strategy. Observing that the clarifications provided to … |
20 May 2022 | | Article 319-14 Book III - Service providers > Title I bis - Asset management companies of AIFs > Chapter IV - Conduct of business rules > Section 3 - Fees > Sub-section 2 - Other provisions … services, financial engineering, advice on industrial strategy, mergers and acquisitions, or initial public … services, financial engineering, advice on industrial strategy, mergers and acquisitions, or initial public … |
30 March 2022 | Enforcement Committee news releases | The AMF Enforcement Committee fines a biotech company for failing to disclose inside information as soon as possible, and one of its co-founders and one of its shareholders for unlawful disclosure or use of inside information In its decision of 24 March 2022, the Enforcement Committee imposed a fine of €1 million on AB Science for failing to disclose inside information as soon as possible, relating to the strong likelihood of receiving an unfavourable opinion for a marketing authorisation application for a medicinal product. It also imposed fines of €50,000 and €500… … of its scientific committee and director of its clinical strategy, had breached its obligation to refrain from … |
21 March 2022 | Policy | Position - Recommendation DOC-2014-06 The AMF recommendation DOC-2014-06 details the expectations of the AMF for the operation and organisation of compliance, risk management, internal monitoring and periodic control functions within asset management companies (AMCs). This guide specifies, notably, how different control functions should be structured and is aimed at AMCs that manage… … investors to understand the risks associated with a given strategy, conduct their own due diligence with regard to the … be independent if the AMC implements any kind of trade-off strategy that aims to profit from arbitrage opportunities on … consider the example of a UCITS implementing a long equity strategy, which involves buying equities and betting that … |
21 March 2022 | Policy | Instruction DOC-2012-01 Collective investment undertaking management activities and discretionary portfolio management investment services are subject to specific risk management organisation rules (counterparty, liquidity and market risks and operational risk). The instruction DOC-2012-01 defines the permanent risk management function, the procedures for delegation to… … and techniques that are adequate to the complexity of the strategy and instruments used in the collective investment … analyse and manage at all times the risks relating to the strategy it applies to the collective investment undertakings … the characteristics of the investments and the management strategy applied; 2. It checks that the parameters used are … |