January 2024 Regulatory Updates

Why this matters

This is an announcement about a change in leadership at the AMF, the French financial markets regulator. It is relevant for banks, asset managers, and wealth managers operating in France as they will interact with the AMF and its new Secretary General.

Why this matters

This warning from the AMF relates to fraudulent investment schemes targeting the public, which poses risks to consumers and could involve financial crime. It is relevant for banks, wealth managers, and fintech firms that offer investment products or services.

Why this matters

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Why this matters

This regulatory update from the AMF provides information on the entry into force of the revised European Long-Term Investment Fund Regulation (ELTIF 2), which impacts asset managers and wealth managers authorizing and operating ELTIF funds. The update also covers ESG/sustainability requirements related to ELTIF funds.

Why this matters

This regulatory update from the AMF covers a range of topics relevant to investment management firms, capital markets participants, and fintechs, including technology and cyber, licensing, and reporting requirements.

Why this matters

This regulatory update from the AMF warns about the fraudulent and malicious use of its name, which could lead to people running malicious computer programs. This poses a significant risk to consumers and financial firms, requiring a high level of urgency.

Why this matters

## PART 1: ANALYSIS (for compliance professionals to read) ### 1. **EXECUTIVE SUMMARY** The Paris Tribunal Correctionnel sanctioned market manipulation identified and reported by the AMF, upholding enforcement actions against entities and individuals for disseminating false or misleading information that artificially...

Why this matters

This regulatory update warns the public against unauthorized entities offering investments in Forex and crypto-asset derivatives in France, which impacts banking, investment management, and crypto firms. It is a high urgency issue related to consumer protection and licensing requirements.

Why this matters

This is an FCA Warning List entry for an unauthorised firm (FEXOGLOBAL) operating without FCA permission. The content is primarily informational and protective—advising consumers to avoid the firm, check authorisation via FCA Firm Checker, and report suspected scams.

Why this matters

The update is an FCA warning notice against a specific unauthorised firm (DIGITAL PAY CLUB) operating without permission. It provides contact details, explains the lack of consumer protections (no access to Financial Ombudsman Service or FSCS), and directs consumers to verify firm authorisation via the Financial...