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Regulation

Professional obligations of investment services providers to retail clients with regard to third-party portfolio management

Relevant on October 18, 2019

Programme of activity of investment services providers and information provided to the AMF

Relevant on October 18, 2019

For investment services providers other than investment management companies, instruction DOC-2014-01 sets out the conditions in which their programme of activity is examined as well as some of the obligations incumbent on them, especially as regards the compliance function and personal trading. Concerning client categorisation, the instruction sets the gross amount of a significant transaction and also gives details of the passport notification procedure.

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Questions and answers on the concept of investment service of investment advice

Relevant on October 18, 2019

These questions and answers provide clarifications on the criteria for defining an investment service of investment advice, and on the requirements incumbent upon the investment services provider when it provides such a service.

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Marketing of crowdfunding offers, calculation of default rates and run-off management of platforms

Relevant on September 6, 2019

Position-recommendation DOC-2018-02 aims to clarify the AMF’s expectations on the marketing of crowdfunding offers, calculation of default rates and run-off management of platforms. In particular, it specifies the best practice for securities and minibons crowdfunding in relation to providing information that is balanced, clear, accurate and not misleading, calculating and publishing default rates and setting up a system of run-off management for platforms that market minibons. It is aimed at crowdfunding investment advisors and investment services providers.

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Placing without a firm commitment basis and crowdfunding

Relevant on September 6, 2019

Legal information
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