The AMF has updated its doctrine with DOC-2023-04, implementing ESMA guidelines on recovery plan indicators and scenarios for clearing houses. These guidelines aim to regulate central counterparties and assist authorities in assessing their recovery plans. The guidelines apply under the “comply or explain” procedure starting May 24, 2023.
Category: EU
MiFID II remuneration requirements: French regulator adopts the ESMA Guidelines from October 23
The Autorité des Marchés Financiers (AMF) has published a Position DOC-2023-03 to incorporate the guidelines of the European Securities and Markets Authority (ESMA) on certain aspects of the MiFID II remuneration requirements. This position will come into force on October 3rd, 2023.
5 Years On; How MiFID II Regulation is Impacting the Financial Services Industry
The Markets in Financial Instruments Directive II (MiFID II) is a European Union (EU) regulation that was implemented in January 2018. It is designed to increase transparency and investor protection in the…
Foncière Magellan Breaches Authorization and Fails to Manage Conflict of Interest: AMF Enforcement Committee Decision
Please note that the French version of this press release was published on 10 May 2023.
In its decision of 4 May 2023, the Enforcement Committee imposed a fine of €300,000 on the portfolio asset management company Foncière Magellan.
EU introduces MiCA regulation for crypto-asset markets in digital finance package
The European regulation on crypto-asset markets (“Markets in Crypto-Assets” or “MiCA”) was adopted by the European Parliament on Thursday 20 April. The Autorité des Marchés Financiers (AMF) is preparing the transition towards MiCA and is contributing to the drafting of the implementing technical standards and guidelines that are to be published by the European Securities and Markets Authority (ESMA) before entry into application of the text.