Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles - Issue 8, 2018: France

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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 Information Document for the Société Civile de Placement Immobilier (a French real estate fund dedicated to retail investors). This template has been prepared by the AFG and ASPIM (French association for real estate managers) after a number of discussions with the AMF.

Read: The template

AFG publishes Q&A on the best execution/best selection reporting for third-party portfolio management under MiFID II

French management companies providing third-party portfolio management services under MiFID II are required to produce reporting on their best execution and best selection policies. 

Within this framework, The Association Française de la Gestion Financière ("AFG") published a Q&A to provide information on the operational implementation of this reporting. 

Read: The Q&A

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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