The AMF publishes a summary of the internal procedures used by asset management firms for ESG/SRI funds to ensure adherence to non-financial contractual commitments
Category: Regulation
Recovery plan for central counterparties: French financial service regulator AMF formally aligns to ESMA recovery plan metrics and scenarios guidelines from May 23
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.
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.
AMF working group proposes several improvements applying to Equity savings plans (ESP)
The Autorité des Marchés Financiers (AMF) has published the report of the working group set up in September 2022 to analyse the difficulties encountered by some retail investors in using their equity savings plans (PEAs), in particular with transfer times. The report sets out some 15 practical proposals aimed at remedying the problems identified at the operational level and at informing retail investors more effectively about the sometimes complex PEA procedure and rules.
AMF updates its reporting policy for Article 29 of the Energy-Climate Law
Following the approval of amendments to its General Regulation, the AMF has updated its policy to specify the procedures for preparing and submitting the report required under Article 29 of the Energy-Climate Law (LEC 29) from investment services providers (ISPs), including asset management companies.
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.