Applicable from 8 October 2018
Requirement to offer a guarantee (of the formula and/or capital, as appropriate) for structured UCITS and AIFs, "guaranteed" UCITS and AIFs and structured debt securities issued by special purpose entities and marketed to the general public
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From 20 September 2013 to 07 October 2018 | Position DOC-2013-12
The purpose of this position is to prevent the risk of mis-selling 'guaranteed' UCITS or AIFs, as well as structured debt securities presenting similar characteristics issued by special purpose entities, to the public.The AMF points out that if the guarantee of the formula result or of the capital is not provided by an authorised entity, there is a risk that retail clients may misunderstand the risks.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02