Events listed in France
Fonds d’épargne salariale : l’AMF modifie sa doctrine concernant ...
ID 23674
The AMF has made changes to its policy regarding the integration of liquidity management tools in employee savings funds. In its updated instruction DOC-2011-21, the AMF has taken into account the specific characteristics of feeder employee savings funds. Previously, the AMF had introduced a transitional period starting from 1 January 2023 to 31 December 2024. This period aimed to simplify the integration of redemption ...
Réponse de l’AFG à la consultation sur la refonte du Label ISR
ID 23624
The AFG has responded to the consultation on the redesign of the ISR Label framework. The objective of the Label Committee is to propose a more demanding and transparent label while maintaining the general nature of the ISR Label and incorporating a climate focus. Given the widespread use of the ISR Label, the AFG and its members considered it important to examine the proposed ...
Evaluation de l’adéquation de la directive MIF 2 : l’AMF applique les ...
ID 23553
The AMF has released an update to its Position DOC-2019-03, incorporating the revised guidelines issued by ESMA regarding certain aspects of the MiFID II suitability requirements (ESMA35-43-3172_E). To recall, ESMA initiated a project at the end of 2021 to revise its guidelines on suitability assessment for investment advice and portfolio management services. The revisions were driven by the publication of Delegated Regulation (EU) 2021/1253, ...
Décret n° 2023-421 du 31 mai 2023 portant adaptation du droit des titres au ...
ID 23539
The present Decree No. 2023-421 of 31 May 2023 concerns the adaptation of French law to the European pilot regime for market infrastructures based on DLT. The decree modifies the French Monetary and Financial Code to ensure compliance with the European Regulation (EU) 2022/858. The decree applies to credit institutions, investment firms, issuers and central securities depositories. The decree **modifies several articles of the ...
Plans de redressement des chambres de compensation : l’AMF applique les ...
ID 23369
The AMF has issued its new position DOC-2023-04, implementing guidelines from ESMA regarding recovery plan indicators and scenarios for clearing houses. These guidelines, published on 23 March 2023, aim to regulate CCPs and help them prepare for potential financial and operational difficulties to mitigate systemic risk. They also serve as a reference for competent authorities when assessing CCPs‘ recovery plans. Indeed, according to **Article ...
Exigences de rémunération de la directive MIF 2 : l’AMF applique les ...
ID 23336
The AMF implements in its [Position DOC-2023-03](https://www.amf-france.org/sites/institutionnel/files/private/2023-05/DOC-2023-03_VF1%20%2B%20BJ.pdf) the ESMA Guidelines regarding certain aspects of the remuneration requirements of the MiFID II directive (ESMA-35-43-35652). As a reminder, the development of a regulatory framework dedicated to remuneration practices in MiFID II was a response to various events that occurred after the implementation of MiFID I, particularly th ...
Rapport 29 de la Loi Energie Climat : l’AMF actualise sa doctrine afin de ...
ID 23257
Following the approval of changes to its general regulations (see eventid=20993), the AMF has updated its doctrine, aiming to clarify the procedures for the preparation and submission of reports required under Article 29 of the Energy-Climate Law (LEC 29) ISPs, including asset management companies, have to follow when preparing and submitting the LEC 29 report. The LEC 29 report is mandated by Decree 2021-663, ...
Réponse de l’AFG à la consultation de la Commission Européenne sur les 4 derniers ...
ID 23196
The AFG published an opinion to the European Commission consultation on the Environmental Taxonomy which aims to finance a more sustainable economy. The AFG supports legislative and regulatory initiatives to ensure greater transparency and achieve the EU Green Deal objective to reorient capital towards sustainable finance. The AFG believes that it is essential to align CSRD and Taxonomy application timelines to ensure a consistent ...
Réponse de l’AFG à la consultation de l’ESMA sur son projet de modification de la ...
ID 23162
The AFG has provided comments on ESMA’s Consultation Paper on the draft guidelines on stress test scenarios under the MMF Regulation. The AFG agrees with ESMA’s position on the inclusion of a climate scenario, stating that it is not relevant for MMFs and that the implementation would be complex. AFG also believes that the current MMF requirements for liquidity management are relevant and proved ...
Arrêté du 17 avril 2023 portant homologation de modifications du règlement général ...
ID 23143
The Order of 17 April 2023 approves amendments to Book III of the General Regulations of the AMF in Section 9 of Chapter IV of Title I of Book III, and Section 6 of Chapter IV of Title I bis of Book III, respectively, as detailed in the Annex to this present order. I. Article 314-32 in Section 9 is added to Chapter IV ...