06 October 2023 | Public statements | Speech by Benoît de Juvigny, AMF Secretary General - AFME’s 7th Annual European Compliance and Legal Conference – 28 September 2023, Brussels … on other financial activities. For example, in the case of asset management, passive funds tracking a PAB or a CTB … |
04 October 2023 | In-depth | Sustainable finance Finance must contribute to the transition towards a more sustainable economy. Focus on our approach, our publications, and actions in the field of sustainable finance. … for ensuring the quality of information provided by asset management companies on their investment strategy and the way … risks prevention of greenwashing risks . … Responsible asset management … Sustainable finance represents a … |
03 October 2023 | Policy | Position DOC-2023-03 AMF Position DOC-2023-03 incorporates the ESMA guidelines on ‘certain aspects of the MiFID II remuneration requirements’ (ESMA35-43-3565). The purpose of these guidelines is to clarify the obligations relating to remuneration requirements in order to ensure the common, uniform and consistent application of EU law. … MiFID II remuneration requirements … Investment management companies Asset management Policy AMF Position DOC-2023-03 incorporates … companies … MiFID II remuneration requirements … Asset management … |
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… … The purpose of these guidelines is to assist portfolio asset management companies, financial investment advisers and … fund providers, the client (“customer”) of a portfolio asset management company is defined based on the method used … |
02 October 2023 | Policy | Position DOC-2023-07 The AMF applies the guidelines of the European Banking Authority (EBA) on Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849 (EBA/GL/2022/15). These guidelines set out the steps credit and financial institutions should take when adopting or reviewing solutions to comply with customer due diligence obligations when… … solutions … Investment services providers Investment management companies Asset management Anti-money Laundering Policy The AMF applies … on the use of remote customer onboarding solutions … Asset management … Anti-money Laundering … |
29 September 2023 | News | Regime applicable to financial investment advisers: update of Position-Recommendation DOC-2006-23 The Autorité des marchés financiers (AMF) has published an update to its Position-Recommendation DOC-2006-23 on the regime applicable to financial investment advisers (FIAs). … fight against money laundering and terrorist financing, asset freezing obligations and the handling of complaints; … advisers: update of Position-Recommendation DOC-2006-23 … Asset management … Investment advice … |
28 September 2023 | News | MiFID II product governance requirements: the AMF applies the updated ESMA guidelines The Autorité des Marchés Financiers (AMF) has published an update to its Position DOC-2018-04 to incorporate updates to the guidelines issued by the European Securities and Markets Authority (ESMA) on product governance requirements. The AMF also updates its Position-Recommendation DOC-2006-23 to extend the scope of these revised guidelines… … DOC-2018-04 applies to investment firms, including management companies providing investment services. … Focal … applies the updated ESMA guidelines … News … Investment management companies … MiFID II product governance … the AMF applies the updated ESMA guidelines … Asset management … MIFID … Financial services providers … |
22 September 2023 | News | Markets in crypto-assets: publication of the MiCA regulation The European Regulation on Markets in Crypto-Assets (MiCA) was published in the Official Journal of the European Union on Friday 9 June 2023 and will enter into force on 29 June 2023 … admission to trading of tokens; The provision of crypto-asset services by service providers; The prevention of market abuse in crypto-assets. After this date, crypto-asset service providers that provide crypto-asset services in … of orders for digital assets on behalf of clients, management of digital asset portfolios, digital asset … |
15 September 2023 | Enforcement Committee news releases | The AMF Enforcement Committee fines an asset management company and its directors for breaches of their professional obligations In its decision of 5 September 2023, the Enforcement Committee imposed a fine of €90,000 and a warning on Horizon Asset Management. It also imposed financial penalties of €30,000 and €15,000 respectively on its Chairman and its Managing Director, who was responsible for compliance and internal control at the time of the events. … The AMF Enforcement Committee fines an asset management company and its directors for breaches of their … of failings. Firstly, the Commission found that Horizon Asset Management had not honoured the commitment made in its … |
11 September 2023 | Report / study | Private equity : overview and vulnerabilities The steep rise of private equity, a segment of fund management dedicated to investment in non-listed shares, makes it a major and structuring player in the financial system. Based on a description of the market and current trends, the study offers a review of the potential risks it induces, and the possible implications for the competent… … The steep rise of private equity, a segment of fund management dedicated to investment in non-listed shares, … … The steep rise of private equity, a segment of fund management dedicated to investment in non-listed shares, … … Private equity : overview and vulnerabilities … Asset management … |