April 2023 Regulatory Updates

Why this matters

This regulatory update from the AMF (Autorité des Marchés Financiers) in France focuses on proposed improvements to equity savings plans, which are investment products targeted at retail investors.

Why this matters

The regulatory update indicates that the AMF conducted inspections and identified shortcomings in compliance with market data requirements, which impacts investment management firms, broker-dealers, and wealth managers that provide market data services. This requires medium urgency attention to ensure compliance.

Why this matters

This regulatory update on the MiCA regulation adopted by the European Parliament is highly relevant for crypto-asset firms and fintechs, as it introduces new authorization and licensing requirements, consumer protection measures, and market abuse rules for crypto-asset markets.

Why this matters

This regulatory update from the AMF involves the withdrawal of authorization for a portfolio asset management company, which is relevant to the investment management and capital markets sectors. The key topics are authorization/licensing and prudential/capital requirements for asset managers.

Why this matters

This regulatory update discusses a slight recovery in retail investor activity in the stock market, which is relevant for asset managers, broker-dealers, and wealth managers that serve retail clients. The topics covered include consumer protection, market abuse, and reporting/disclosure requirements.

Why this matters

This regulatory update from the AMF provides English versions of its recommendations and examination work related to the financial statements of listed companies.

Why this matters

This regulatory update is relevant for asset managers of money market funds, as it covers compliance with ESMA guidelines on stress test scenarios under the Money Market Fund Regulation. This impacts the prudential and reporting requirements for these firms.

Why this matters

This warning from the AMF and ACPR is directed at entities offering unauthorized Forex and crypto-asset derivative investments in France, which poses risks to consumers and requires regulatory action.