All financial regulatory updates published in March 2024.
Asset management ROSA Extranet: changes to authorisation and declaration processes for collective investments
Why this matters
This regulatory update from the AMF relates to changes in the authorization and declaration processes for collective investment schemes, which is relevant for asset managers and wealth managers.
Warning Savings protection Warning Miscellaneous assets The AMF is warning the public against several companies proposing atypical investments without being authorised to do so
Why this matters
This warning from the AMF relates to companies offering unauthorized investment products, which poses risks to consumers and requires regulatory action.
UnauthorizedThis firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not…
Why this matters
The update is a standard FCA Warning List entry identifying an unauthorised firm (FINANCE FARM / financefarm.ltd) operating without permission. It provides consumer protection guidance and contact details for reporting.
Appointment Sanctions & settlements Journalists Valérie Michel-Amsellem becomes Chair of the AMF Enforcement Committee
This AMF publication announces the appointment of Valérie Michel-Amsellem as the new Chair of the AMF Enforcement Committee, the independent body responsible for imposing sanctions in financial market violations. It matters for compliance professionals because leadership changes in enforcement can signal shifts in sanctioning priorities, rigor, or focus areas, potentially influencing how firms approach risk management and remediation. While no immediate policy changes are introduced, monitoring the new Chair's tenure is essential given the Committee's role in upholding market integrity.
There are no substantive regulatory changes, new requirements, or amendments to the AMF General Regulation outlined in this announcement. The publication solely details an internal governance appointment within the AMF's structure, where the Enforcement Committee maintains its established autonomy for sanction decisions, separate from the AMF Board. This aligns with prior affirmations of the Committee's independence, as upheld in ECHR rulings on its impartiality.
Urgency: Low - This personnel change does not impose new obligations or alter existing rules, posing minimal immediate risk. It matters indirectly for long-term strategy, as the Chair could steer enforcement toward stricter penalties or novel interpretations of obligations (e.g., as analyzed in historical sanction studies: https://faculty-research.ipag.edu/wp-content/uploads/recherche/WP/IPAG_WP_2014_072.pdf).
AI-generated analysis. May contain errors or omissions — verify with the original AMF source before acting. Full disclaimer.
Asset management Anti-money Laundering Combatting money laundering and terrorist financing: AMF applies two sets of European Banking Authority guidelines
Why this matters
This regulatory update from the AMF applies two sets of European Banking Authority guidelines related to combatting money laundering and terrorist financing, which is relevant for investment managers, banks, and wealth managers.
Innovation Savings protection AMF activity Open Data: publication on data.gouv.fr of the list of Asset Management Companies (AMCs) authorized by the AMF, of the white lists of Digital Asset Service Providers (DASPs) and offers of investments in miscellaneous assets
Why this matters
This regulatory update from the AMF (French financial markets authority) announces the publication of lists of authorized asset management companies, digital asset service providers, and investment offers on the French open data platform data.gouv.fr.
No description available.
Why this matters
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
No description available.
Why this matters
This appears to be a general news update from CBI covering multiple financial services sectors and regulatory topics, without specific details on urgency or impact.
Supervision Marketing MIFID Journalists Investment services providers Investment management companies AMF calls on investment services providers to take account of the specific nature of temporary ownership dismemberment when marketing SCPI units
Why this matters
This regulatory update from the AMF (French financial markets authority) is focused on investment services providers and investment management companies marketing SCPI (real estate investment trust) units.