Events listed in France
Notations ESG : Position commune des gestionnaires d’actifs et des assureurs ...
ID 25433
The AFG and the German BVI have endorsed the position of the the German GVD and France Assureurs in response to the European Commission’s proposal for a regulation on the transparency and sustainability of the ESG rating market (2023/0177(COD)). The associations welcome the proposed regulation on ESG rating agencies, which aims to improve the quality of information on ESG issues and address shortcomings in ...
Notice relative à la procédure d’agrément des établissements de crédit prestataires ...
ID 25204
The ACPR informs about the key points regarding the approval process for credit institutions offering investment services, in accordance with the French legal framework. Credit institutions seeking approval as providers of investment services in France must adhere to the provisions outlined in articles L. 511-10 and R. 511-2-1 of the French Monetary and Financial Code. Compliance with the national legal requirements is crucial throughout ...
Gouvernance des produits – directive MIF 2 : l’AMF applique les ...
ID 25141
The AMF has recently updated its Position DOC-2018-04 to align with the revised guidelines issued by ESMA concerning product governance requirements and also to extend the applicability of these guidelines to FIAs. The background to these changes stems from ESMA’s initiative in early 2022 to update its guidelines on product governance requirements, driven by evolving regulations that necessitate the consideration of sustainability related objectives ...
Réponse de l’AFG au Call for Evidence de l’ESMA sur l’intégration des préférences ...
ID 24994
The AFG responded to ESMA’s CfE on the integration of ESG preferences in product governance and suitability assessments. As a reminder, ESMA’s CfE was looking of industry feedback on integrating sustainability into MiFID II rules. The goal was to understand how firms are implementing these rules, gather investor insights, and track sustainable investment trends. ESMA and NCAs were collecting feedback until 15 September 2023. ...
Position paper AFG – directive FASTER – procédures de remboursement de retenues à ...
ID 24979
The European Commission recently proposed Directive COM(2023) 324 final, known as FASTER, aimed at establishing a common system for the faster and safer refund of excess withholding taxes within the European Union (EU). As a contextual reminder, the existing procedures for refunding excess withholding taxes on dividends or interest payments to non-resident investors in listed securities under double taxation treaties are lengthy, costly, and ...
L’AMF et l’ACPR organisent la quatrième édition du Forum Fintech le ...
ID 24913
The AMF and the ACPR are jointly organizing the fourth edition of the Fintech Forum on Monday as part of the French Fintech Week. This forum serves as a platform for stakeholders in the innovative finance ecosystem to discuss the significant regulatory challenges facing the sector. The Forum Fintech, initiated by the AMF and the ACPR in 2016, is a forum for monitoring, dialogue, ...
L’AMF et l’ARPP lancent le certificat de l’influence responsable dans la finance
ID 24868
The AMF and the ARPP have introduced the „Responsible Influence Certificate in Finance“ to professionalize commercial influence in the financial sector, aligning with newly enacted regulations. The collaboration between AMF and ARPP, initiated in 2011, culminated in the launch of a specialized module for the „Responsible Influence Certificate“ in July 2022. This certificate, initially introduced by ARPP in 2021, has already been awarded to ...
Réponse de l’AFG à la consultation IOSCO sur les outils de gestion de la liquidité
ID 24853
The AFG has provided its feedback to the IOSCO consultation report on Anti-dilution Liquidity Management Tools. IOSCO’s consultation report addresses Anti-dilution Liquidity Management Tools (LMTs) for Collective Investment Schemes, emphasizing their importance in managing liquidity risk. It proposes guidance for responsible entities, including tools like swing pricing and anti-dilution levies. Feedback from market participants was sought until 4 September 2023. AFG res ...
Réponse de l’AFG à la consultation FSB sur la gestion de la liquidité des fonds ...
ID 24848
The AFG has taken part at the consultation by the FSB, which proposed amending its 2017 recommendations on liquidity conditions offered by investment funds, particularly those investing in illiquid assets. The FSB suggests categorizing assets into three categories: liquid, less liquid, and illiquid, with a significant impact on the resulting liquidity that funds can offer to investors. Key changes involve a bucketing approach, anti-dilution ...
Décret n° 2023-813 du 22 août 2023 relatif à la définition des services ...
ID 24716
Decree No. 2023-813, issued on 22 August 2023, covers the definition of investment services. It affects providers of investment services as outlined in Article L. 531-1 of the Monetary and Financial Code, providers of crowdfunding services as per Article L. 547-1 of the same code, and any other authorized entities offering services listed in Article L. 321-1 of the Monetary and Financial Code. The ...