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Regulation

Prudential assessment of acquisitions and increases of qualifying holdings in the financial sector

Relevant on May 9, 2018

AMF position DOC-2017-10 aims to incorporate the European supervisory authorities' joint guidelines on the prudential assessment of acquisitions and increases of qualifying holdings in asset management companies into the AMF's regulatory practices.

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Q&A on changes in the ownership structure of asset management companies

Relevant on May 9, 2018

Position-recommendation DOC-2009-24 provides clarifications on the scope and notification procedure for changes in the ownership structure of asset management companies (particularly including the content of the documentation to be transmitted to the AMF and the people responsible for notification).

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Authorisation procedure for investment firms acting as a UCITS depositary – Review procedure for the performance specifications of other UCITS and AIF depositaries

Relevant on May 9, 2018

Instruction DOC-2016-01 spells out the methods and procedures used to authorise UCITS depositaries with the status of investment firm, and the contents of their programme of activity; it also specifies the content of the performance specifications for credit institutions and branches of credit institutions acting as UCITS depositaries, guidelines for their submission to the AMF, and the AMF authorisation process for the performance specifications. The document also details the content and submission process for AIF depositaries’ performance specifications.

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Authorisation procedure for investment management companies, disclosure obligations and passporting

Relevant on May 9, 2018

The AMF gives details of the autorisation procedures and process for investment management companies, certain disclosure obligations and passporting procedures for French investment management companies and foreign management companies.

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Authorisation processes, preparation of a KIID and a prospectus and periodic reporting for retail investment funds, funds of alternative funds and professional retail investment funds

Relevant on April 26, 2018

Instruction DOC-2011-20 details the rules applicable to retail investment funds, funds of alternative funds and professional retail investment funds as to the authorisation process and the preparation of a key investor information document (KIID) and a prospectus and periodic reporting. In particular, it provides details about the creation of these funds, changes to them during their life (subject to pre-approval/subject to ex-post notification) and the procedures for notifying investors and the AMF. This document has not been updated for the laws and regulations that transpose MIF 2 and legally separate investment firms from asset management companies. The update will take place in the near future.

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