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Latest news releases

Prospectus Regulation: the AMF is conducting a consultation until 30 September 2019 on changes to its doctrine

Published on August 7, 2019

The European Prospectus Regulation and its delegated regulations came into force on 21 July 2019. Consequently, the Autorité des Marchés Financiers (AMF) is launching a consultation through to 30 September 2019 on the draft modification of its doctrine on the subject and a new recommendation on the financial disclosure of companies via the written press.

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The Enforcement Committee of the Autorité des Marchés Financiers fines a management company and its senior manager for failing to comply with their professional obligations relating to the management of forestry groups

Published on August 1, 2019

In its decision of 25 July 2019, the Enforcement Committee imposed a fine of €200,000 on Forest Invest and issued a warning to the company and its senior manager for breaches of their obligations relating to the management of forestry groups.

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Mandate and functioning of the AMF’s new Climate and Sustainable Finance Commission

Published on July 23, 2019

On 2 July, in a joint release by the French authorities and the financial community, the Autorité des Marchés Financiers (AMF) announced the creation of a Climate and Sustainable Finance Commission to assist it in carrying out its missions on issues related to sustainable finance. Today, the regulator has clarified the mandate and functioning of this commission, which will contribute to the work carried out in conjunction with the Autorité de Contrôle Prudentiel (ACPR) to monitor and evaluate the commitments taken by financial institutions in climate matters.

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The AMF publishes a summary of socially responsible investment practices observed during its thematic inspections

Published on July 15, 2019

As part of its short, thematic “SPOT” (Supervision des Pratiques Opérationnelle et Thématique - operational and thematic supervision of practices) inspections, the AMF examined the socially responsible investment (SRI) systems implemented by five asset management companies (AMCs) and the integration of environmental, social and governance (ESG) criteria. The aim is to ensure that SRI information provided to investors is fair, clear and non-misleading, but also compliant with the investment and management process implemented.

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The AMF launches a study on the impact of the new rules governing research funding introduced by MiFID 2

Published on July 11, 2019

The implementation of MiFID 2 has altered the market economy of research and brings the issue of small caps and mid caps coverage by analysts more sharply into focus. To fine-tune the assessment, the AMF Board has asked Jacqueline Eli-Namer, an AMF Board member, and Thierry Giami, president of the French Society of Financial Analysts (SFAF), to work with financial market stakeholders in order to explore concrete ways of improving the situation.

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The Enforcement Committee of the Autorité des Marchés Financiers fines an investment services provider and three financial investment advisors for breaching their professional obligations

Published on July 8, 2019

In its decision of 2 July 2019, the Committee issued a reprimand to Invest Securities, an investment services provider (ISP), and fined it €90,000 for failing to carry out the necessary checks prior to the marketing of a British alternative investment fund (AIF) that was not authorised in France. The Committee also fined Mr Carlotta and the companies Portal Conseil and Exec Finance, €20,000, €50,000 and €60,000 respectively for having recommended this product to some of their clients, in their capacity as financial investment advisors.

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Seven regulators publish the fruit of their common approach to data-driven regulation

Published on July 8, 2019

Seven regulators (the Competition Authority, AMF, Arafer, Arcep, CNIL, CRE and CSA) who held a meeting on 24 June 2019, published today a common apprach to data-driven regulation.

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The Enforcement Committee of the Autorité des Marchés Financiers fines a company for breaching its professional obligations as a financial investment advisor, and its chief executive officer

Published on July 4, 2019

In its decision of 1 July 2019, the Committee fined Prado Paradis Patrimoine €50,000 for breaches of several of its professional obligations. It also imposed a fine of €100,000 on its CEO, Solange Dahan, and issued a reprimand to her.

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The AMF obtains the sequestration of Systran SAS shares held by the South Korean company LLsolu - Update of press release dated 18 April 2019

Published on July 3, 2019

As part of its remit to protect savings invested in financial instruments, the AMF applied for an injunction against LLsolu to oblige it to fulfil the undertakings that it had made to former shareholders of Systran SA in its public cash offer followed by a squeeze-out.

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Binary options and CFDs: the AMF adopts national intervention measures

Published on July 3, 2019

The AMF has announced the entry into force as of 2 July 2019 of a national intervention measure targeting binary options. Contracts for Differences (CFDs) will be subject to a national restriction measure applicable as of 1st August. These measures are the continuation of those implemented by the European Securities and Markets Authority (ESMA) over the past year and mark a new step in protecting investors from the highest-risk products.

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Legal information
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