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Regulation

Position limits for commodity derivatives traded on Powernext

Relevant on January 3, 2018

Position/Recommendation supplementing Position 2013-02 on collecting know-your-client information

Relevant on January 3, 2018

The AMF is supplementing its Position DOC-2013-02 on collecting know-your client information in a Position/Recommendation dedicated to the risks brought about by the digitisation of relationships between the service provider and its client for the provision of investment services.

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Position limits for commodity derivatives traded on Euronext

Relevant on January 3, 2018

Programme of operations guide for asset management companies and self-managed collective investments

Relevant on January 1, 2018

The position-recommandation DOC-2012-19 outlines how to complete the sections of the autorization application (including the program of operations) and complementary sheets. In particular it provides specific instructions on the “four eyes” (quatre yeux) rule, access to (information on) the position of the market member, the credit analysis, delegation and outsourcing, the practice of cash pooling (centralised treasury management authorised provided that certain conditions are met) as well as on internal control procedures.

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Guide to drafting CIS marketing materials and distributing CISs

Applicable from January 1, 2018 to January 21, 2018

This guide outlines the behaviours to be adopted and the bad practice which is prohibited when drafting CIS marketing materials and when distributing CIS (general principles, communication on financial indexes and strategy, etc.). These provisions cover structured funds, index funds, funds using Constant Proportion Portfolio Insurance (CPPI) strategies, SOFICAs, real-estate funds and authorised venture capital funds.

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Legal information
Head of publications: Florence Gaubert, Executive Director of AMF Communication Directorate.
Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02