Events listed in France
L’AMF présente ses propositions pour améliorer la lisibilité des frais des ...
ID 22509
The AMF has published Proposals to improve the readability of financial product fees in European law on the fees for financial instruments, together with a Draft glossary on financial investments fees (in French only), in order to improve savers‘ understanding of these fees as part of the ongoing discussions on the European Commission’s Retail Investment Strategy. In compliance with MiFID II and, if applicable, ...
Table de spreads au titre de MIF II et PRIIPs – Février 2023
ID 22466
On 24 March 2023, the Association Française de la Gestion financière (AFG) published the spread table for February 2023 (guest registration required for access). Published half-spreads are calculated over a 12-month rolling period. Therefore, the effect related to spikes observed during exceptional circumstances is smoothed and long-lasting. The indicated spreads may be used for purposes of MiFID II and PRIIPS transaction cost calculations (if ...
Règlement sur la publication d’informations en matière de durabilité dans les ...
ID 22442
The AMF published an overview of SFDR classifications in the French funds‘ universe and portfolios‘ exposure to fossil energies at the end of 2021. As a reminder, the SFDR was implemented in March 2021 to promote sustainable investments by enforcing environmental and social transparency requirements in the financial services industry, including asset management. SFDR introduces three categories of financial products: Article 9, which have ...
AFG Position paper – Response to the European Commission’s EMIR 3.0 proposal
ID 22441
AFG has responded to the European Commission’s EMIR 3.0 proposal, which seeks to improve the central clearing framework and reduce exposure to systemic clearing services of third country CCPs. AFG welcomes the proposal, especially the improvement of the CCPs regulatory framework on margin transparency and clarifications on transaction exemptions. AFG also support ESMA’s approach of distinguishing cleared and uncleared derivatives products. However, **AFG is ...
Arrêté du 16 mars 2023 portant application des articles L. 562-2 et suivants du ...
ID 22354
On 19 March 2023, asset freezing measures against several individuals were published in the Official Journal. By order of the Minister of the Economy, Finance and Industrial and Digital Sovereignty and the Minister of the Interior and Overseas Territories dated 16 March 2023, having regard to the Monetary and Financial Code, and in particular Articles L. 562-2 et seq., the funds and economic resources ...
Mise à jour du FAQ AFG sur PRIIPs
ID 22323
The AFG has issued an update to its PRIIPs FAQ with tracked changes. An addendum was made to Point 3.8 regarding formula funds, and four new points were added: 3.9 on maturity funds, 7.9 on what happens if a PMC is unable to perform the installments, 7.10 on private equity funds and the TFAM, and 7.11 on product life for funds without a fixed ...
Arrêté du 28 février 2023 modifiant l’arrêté du 9 décembre 2016 modifié ...
ID 22206
The Order of 28 February 2023, amending the Order of 9 December 2016, as amended, specifying the Decree n° 2016-1683 of 5 December 2016, setting the rules and procedures for the automatic exchange of information on financial accounts, known as the „Common Reporting Standard“, was published on Légifrance. The aim of the present order ist to establish, on the one hand, **a list of ...
Dialogue actionnarial sur les questions environnementales et climatiques
ID 22177
The AMF issued a press release in the context of shareholder dialogues on environmental and climate issues. In its statement, the AMF emphasizes that companies subject to the obligation to publish a non-financial performance statement must include in the management report a detailed presentation of their business model, their organization, their environmental and climate policy, as well as social and societal information. This information ...
Publication de la Commission Climat et Finance Durable : résolutions climatiques
ID 22175
The AMF issued a prss release, informing that the Climate and Sustainable Finance Commission (CCFD) has released a position paper on climate resolutions, which outlines how members would like to see dialogue on climate issues in the General Assembly. The CCFD is made up of financial market players, companies, academics, experts, and representatives of civil society and helps the AMF carry out its regulatory ...
Visites mystère en agences : des progrès accomplis dans le questionnement du client ...
ID 22149
The AMF issued a press release about its mystery shopping campaign which was conducted as part of a larger European exercise coordinated by ESMA. Ten other regulators from across Europe participated in the exercise, which focused on the costs and charges of financial products. Between June and October 2022, 210 mystery visits were made to 11 major retail banks in France. The visits were ...