Eligibility of UK equities for French plan d’épargne en actions if Hard Brexit -
In February, France passed an ordinance (the “Ordinance”) relating to the consequences of a no-deal Brexit. Article 4 provides the rules...more
4/9/2019
/ AMF ,
Asset Management ,
CNIL ,
EU ,
France ,
General Data Protection Regulation (GDPR) ,
Investment Funds ,
Management Companies ,
No-Deal Brexit ,
UCIs ,
UCITS ,
UK Brexit
Monitoring of promotional documentation: the AMF changes its approach regarding various financial products for private individuals -
The Autorité des Marchés Financiers (the AMF, the French financial markets authority)...more
11/8/2018
/ Advertising ,
AIFs ,
AMF ,
Asset Management ,
Client Data ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Products ,
France ,
Investment Funds ,
MiFID II ,
MiFIR ,
Portfolio Managers ,
Private Funds ,
Promotional Items ,
UCITS
MiFID II update -
The Autorité des Marchés Financiers continues to update its doctrine following the entry into force of MiFID II. As a result, on 26 June, the AMF published updated versions of 14 of its positions,...more
7/5/2018
/ AIF ,
AMF ,
Asset Management ,
EU ,
European Securities and Markets Authority (ESMA) ,
France ,
Investment Funds ,
MiFID II ,
Money Market Funds ,
Stress Tests ,
UCITS
UCITS/AIFs’ Share Classes and Hedging -
Pursuant to the ESMA Opinion n° 34-43-296 relating to share classes of UCITS, the AMF updated its regulations and doctrine with respect to the hedging possible when a fund (or a...more
Proposals to make French funds more attractive for international marketing -
A working group set up by Euroclear France, Ailancy, professional associations and different actors of the asset management industry, presented...more
5/7/2018
/ AMF ,
Anti-Money Laundering ,
Asset Management ,
Beneficial Owner ,
Blockchain ,
EU ,
European Securities and Markets Authority (ESMA) ,
Foreign Investment ,
France ,
Investment Funds ,
Liquidity ,
MiFID II ,
UCITS
AMF Study on Fees Charged in 2015 by UCITS Distributed in France -
The Autorité des Marchés Financiers (the French financial regulator, AMF) conducted a study based on the fees disclosed in the KIID distributed to...more
AMF Priorities in the EMIR Review -
The Autorité des Marchés Financiers (the “AMF”, the French financial markets authority) published two position papers on 2 May 2017 relating to the EMIR review...more
6/26/2017
/ Amended Rules ,
AMF ,
Asset Management ,
Credit ,
Crowdfunding ,
EMIR ,
EU ,
France ,
Investment Funds ,
Liquidity Risk Management Rule ,
MiFID II ,
Open-Ended Fund Companies (OFCs) ,
Public Consultations ,
UCITS
AFG - Publication of a Public Position on RTS PRIIPs -
The Association Française de la Gestion Financière (the “AFG”, the French professional association of asset managers) published on 18 April, jointly with the French...more
5/1/2017
/ AFG ,
AMF ,
Asset Management ,
EU ,
France ,
Investment Funds ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Pension Funds ,
Public Consultations ,
Retail Investors ,
UCITS
Significant Update of the General Regulations of the AMF ("GRAMF") -
The Arrêté of 27 February 2017 and published to the Official Journal on 7 March 2017 has amended significantly the General Regulations of the AMF (the...more
4/10/2017
/ AIF ,
AMF ,
Asset Management ,
Collective Investment Schemes ,
ETFs ,
EU ,
France ,
Investment Funds ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Risk Management ,
SICAV ,
UCITS
AMF Consultations - Corporate Finance Advice and Intermediation in Miscellaneous Assets -
The Autorité des Marchés Financiers (the “AMF”, the French financial markets authority) has recently launched two public...more
AMF Instructions Update - French "minibons" -
Pursuant to the implementation under French law of the “minibon” (a category of note which can be issued by certain type of French entities) which can be marketed by, among...more
12/20/2016
/ AIFs ,
AMF ,
Asset Management ,
ELTIF ,
EU ,
France ,
Investment Funds ,
Loan Origination Funds ,
MiFID II ,
Sapin II ,
UCITS
AMF Doctrine – Management Fees -
The AMF, within the framework of the FROG Working Group (French Routes and Opportunities Garden, whose role is to develop the French asset management industry), updated on 8 November 2016...more
11/28/2016
/ AFG ,
AMF ,
Asset Management ,
Certification Requirements ,
Crowdfunding ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
France ,
Investment Adviser ,
Investment Funds ,
Management Companies ,
Management Fees ,
Portfolio Companies ,
UCITS
AMF Doctrine – Authorisation of “Pre-Marketing” Activities -
The AMF updated its Position n° 2014-04, which is a guide to the marketing regime of UCITS and AIFs in France. These changes have been implemented following...more
French SICAV – Reduction of the Minimum Number of Shareholders for Unlisted SICAV -
The Ordinance n° 2015-1127 was published on 10 September 2015. The purpose of this Ordinance was to reduce the required minimum number...more
Adoption of the Macron Law - Creation of the SLP -
The bill on the Growth and Activity and Equality of Economic Opportunities, known as the Macron law, was finally promulgated in France on 6 August 2015. The Macron law...more
9/10/2015
/ AIFM ,
AMF ,
Asset Management ,
Bilateral Agreements ,
EU ,
FATCA ,
France ,
Investment Funds ,
Limited Partnerships ,
Macron Law ,
OPCI ,
Partnerships ,
Real Estate Investments ,
UCITS
Guidelines on the Use of Stress Tests by French Management Companies -
The Association Française de la Gestion financière (the AFG), the French association of management companies, published on 7 May 2015 guidelines on...more
Update of the AMF Doctrine on French Professional Specialized Funds -
The AMF updated its Instruction n° 2012-06 specifying the rules to be followed (i) for the drafting of the prospectus of a French Professional...more
5/13/2015
/ AFG ,
AIF ,
AMF ,
Asset Management ,
Conflicts of Interest ,
Credit Rating Agencies ,
European Securities and Markets Authority (ESMA) ,
Fees ,
France ,
Investment Funds ,
Management Companies ,
Settlement ,
Social Media ,
UCITS
UCITS: New KIID Q&A -
ESMA published revised Q&A’s on the KIID on 26 March 2015. The Q&A includes a new question on the treatment of past performance information in case of fund mergers....more
4/28/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Investment Funds ,
Memorandum of Understanding ,
MiFID II ,
Money Market Funds ,
Shadow Banking ,
Singapore ,
Swaps ,
UCITS
EU Passes New Council Directive to Implement “EU-FATCA" -
The Council Directive passed by the EU on 1 December 2014 implements the OECD’s Common Reporting Standard (CRS) in Europe. The Directive has to be implemented...more
3/10/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Benchmarks ,
CCPs ,
EIOPA ,
EMIR ,
ETFs ,
EU ,
European Securities and Markets Authority (ESMA) ,
FATCA ,
Insolvency ,
Investment Funds ,
MiFID II ,
Money Market Funds ,
Regulatory Agenda ,
Sovereign Debt ,
Swap Clearing ,
Swaps ,
UCITS
Further to the implementation of the AIFM Directive in France, new cross-border management and distribution possibilities are now available for investment products in the form of alternative investment funds (AIFs)....more