Implementation of AMF position 2019-03 on "certain aspects of the MiFID II adequacy requirements" -
The AMF position DOC-2019-03 incorporates the ESMA guidance on "certain aspects of the MiFID II adequacy requirements"...more
3/11/2019
/ AFG ,
AMF ,
Asset Management ,
Corporate Governance ,
Distribution Rules ,
EU ,
European Securities and Markets Authority (ESMA) ,
FATCA ,
France ,
General Data Protection Regulation (GDPR) ,
Investment Funds ,
MiFID II
Publication of decrees amending the regime of French direct lending funds -
The Ordinance n° 2017-1432 of 4 October 2017 introduced the possibility for "financing vehicles" (organismes de financement, OF) to grant loans....more
12/6/2018
/ Amended Rules ,
AMF ,
Asset Management ,
CSDR ,
Direct Lending ,
EU ,
France ,
Fund Management Companies ,
Income Taxes ,
Investment Funds ,
MiFID II ,
Securities
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
AFG issues template of PRIIPs KID for French Société Civile de Placement Immobilier -
The Association Française de la Gestion Financière ("AFG") published for the benefit of its members a template of the PRIIPs Key...more
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
A compact summary of the most recent regulatory developments relevant to the UK asset management industry. This issue includes details of the FCA’s statement on the implementation period for Brexit; the requirement for firms...more
4/20/2018
/ Asset Management ,
BEPS ,
Corporate Taxes ,
Cross-Border ,
Cryptocurrency ,
Customer-Loyalty Programs ,
Cybersecurity ,
Derivatives ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
MiFID II ,
MiFIR ,
UK ,
UK Brexit
AMF Public Consultation on ICOs -
The AMF launched a public consultation on Initial Coin Offerings (ICOs) on 26 October 2017 in order to assess how these fundraisings could be regulated. Out of the three regulatory options...more
3/30/2018
/ AMF ,
Asset Management ,
Cryptocurrency ,
Derivatives ,
EMIR ,
EU ,
Financial Adviser ,
France ,
Initial Coin Offering (ICOs) ,
Investment Funds ,
MiFID II ,
Public Consultations ,
Publicly-Traded Companies
A compact summary of the most recent regulatory developments relevant to the UK asset management industry. This issue includes details of the FCA’s approach to authorisation; action taken on closet tracking funds; proposed EU...more
3/22/2018
/ Asset Management ,
Broker-Dealer ,
Collective Investment Schemes ,
Cross-Border Transactions ,
Distribution Rules ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Stability Board ,
Investment Funds ,
Member State ,
MiFID II ,
Surveys ,
UK
A compact summary of the most recent regulatory developments relevant to the UK asset management industry.This issue includes details of proposed changes to the Financial Services Register to accommodate the Senior Managers...more
3/14/2018
/ Asset Management ,
Certification Requirements ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
FinTech ,
Legal Entity Identifiers ,
Libor ,
MiFID II ,
Secured Overnight Funding Rate (SOFR) ,
Senior Management Regime (SMR) ,
Senior Managers ,
SMCR ,
Sterling Overnight Index Average (SONIA) ,
UK
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
Entry into force of MiFID II -
The Directive 2014/65/EU on Markets in Financial Instruments (MiFID II) entered into force in France on 3 January 2018. Within the framework, the French legal framework has been updated over...more
1/26/2018
/ AMF ,
Asset Management ,
Banks ,
Draft Ordinance ,
EU ,
Exemptions ,
Foreign Investment ,
France ,
Investment Funds ,
Loan Origination Funds ,
Management Companies ,
MiFID II ,
Monopolization ,
UK
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
AMF - Update of the MiFID II guide for asset management companies -
The Autorité des Marchés Financiers (the “AMF”, the French financial markets authority) updated its MiFID II Guide for Asset Management Companies on 6...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 Communication – Brexit – Launch of the AGILITY program -
Pursuant to the Brexit, the Autorité des Marchés Financiers (the French Financial Markets Authority, the “AMF”) launched a dedicated program called “AGILITY”...more
AMF Doctrine – Direct Lending by French Funds -
The Autorité des Marchés Financiers (the French financial markets regulator, the “AMF”) has published on 27 June 2016 an Instruction n° 2016-02. This instruction is...more
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
AFG and Amafi's Response to ESMA on MiFID II/MiFIR -
The AFG, (Association Française de Gestion), the association representing French management companies, replied to ESMA’s consultation paper on MiFID II and MIFIR on 2...more
4/7/2015
/ AMF ,
Asset Management ,
Compliance ,
Equity Markets ,
European Securities and Markets Authority (ESMA) ,
France ,
Investment Funds ,
Management Companies ,
MiFID ,
MiFID II ,
MiFIR ,
Private Equity ,
Trade Market Abuse ,
Trials
EMIR: Non-Deliverable FX Forwards and Interest Rate Swap Clearing -
Non-deliverable FX forwards -
ESMA confirms that EMIR clearing requirements will not apply to non-deliverable FX forwards, though reserves its...more
4/2/2015
/ Benchmarks ,
Capital Markets ,
Crowdfunding ,
EMIR ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
FX Forwards ,
Interest Rates ,
Investment Funds ,
MiFID II ,
Swap Clearing
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