Periodic & ongoing disclosures Sustainable Finance Publication of the first CSRD sustainability statements: AMF draws issuers’ attention to ESMA's 2024 recommendations
Why this matters
This regulatory update from the AMF (French financial markets authority) is relevant for banking, investment management, and capital markets firms, as it discusses the publication of the first CSRD (Corporate Sustainability Reporting Directive) sustainability statements and ESMA's upcoming 2024 recommendations.
Cooperation Markets Executive & other private individuals Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF and the AMMC are strengthening their...
Why this matters
This regulatory update indicates strengthened cooperation between the AMF and AMMC, which is likely to impact authorization, reporting, and prudential requirements for firms operating in the banking, investment management, and capital markets sectors.
Asset management Marketing The Autorité des Marchés Financiers (AMF) has published a recommendation governing the distribution of actively managed certificates (AMCs) to retail clients
Why this matters
This regulatory update from the AMF governs the distribution of actively managed certificates to retail clients, which impacts investment management firms, broker-dealers, and wealth managers. It relates to consumer protection and authorization/licensing requirements.
Warning Savings protection Warning Forex and binary options Crypto-assets The AMF and the ACPR warn the public against the activities of several entities offering in France investments in Forex and in crypto-assets derivatives without being authorized to do so
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 consumer protection and authorization issue of high urgency.
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.
Shares ETF Investment services In Q3 2024, for the first time, new ETF investors outnumbered new equity investors
Why this matters
This regulatory update discusses a shift in investment trends, with ETF investors outpacing new equity investors in Q3 2024. This information is relevant for investment management firms, wealth managers, and broker-dealers who may need to adjust their product offerings and marketing strategies to cater to the changing...
Warning Savings protection Miscellaneous assets Warning The AMF is warning the public against several entities proposing atypical investments without being authorised to do so
Why this matters
This warning from the AMF is directed at entities proposing unauthorized investment products, which poses risks to consumers and requires prompt action by the regulator.
The Central Bank of Ireland has today (Monday 14 October) published its Flood Protection Gap Report . Some homes and businesses in Ireland are unable to obtain flood cover. This means that when a flood occurs, there can be a shortfall between the actual cost of the flood and the portion of that cost that is covered by…
Why this matters
This regulatory update from the Central Bank of Ireland focuses on the flood protection gap, which has implications for the banking, insurance, and consumer credit sectors. It discusses prudential and capital requirements, ESG/sustainability, and reporting/disclosure, making it relevant for a range of financial firms.
Supervision Asset management MMF AIFMD Journalists Investment services providers Investment management companies The AMF publishes the findings of a new series of SPOT inspections on the quality of regulatory reporting data
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on the findings of inspections related to the quality of regulatory reporting data by asset managers. This is a medium priority issue as it relates to core compliance and reporting requirements for investment firms.
Warning Savings protection Warning Crypto-assets Cryptoassets: the Autorité des Marchés Financiers warns the public about the activities of several unauthorized entities
Why this matters
This is a warning from the French financial regulator AMF about unauthorized entities operating in the crypto asset space, which is relevant for crypto exchanges, fintechs, and other firms involved in the crypto industry. It relates to consumer protection and the need for proper licensing and authorization.
Shares ETF The AMF analyses new investment practices: listed shares, ETFs and crowdfunding
Why this matters
This regulatory update from the AMF analyzes new investment practices related to listed shares, ETFs, and crowdfunding. This impacts investment managers, broker-dealers, and fintech firms operating in these areas. Key topics include consumer protection, market abuse, and reporting requirements.
Long term investment Savings protection Retail investors Journalists The Autorité des Marchés Financiers (AMF) launches a major financial education campaign aimed at young investors
Why this matters
This regulatory update from the AMF focuses on a financial education campaign aimed at young investors, which is relevant for investment managers, wealth managers, and the broader retail investor population. The key topics covered are consumer protection and financial education.
Asset management Regulatory developments AMF amends its Programme of Operations Guide for Asset Management Companies
Why this matters
This regulatory update from the AMF amends the Programme of Operations Guide for Asset Management Companies, which impacts the authorization and operational requirements for asset managers in France.
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
This is a standard FCA unauthorised firm warning listing IC Markets Global as operating without permission. The content explicitly addresses authorisation status, consumer protection implications (no FSCS/ombudsman access), and scam prevention.
Sustainable Finance Periodic & ongoing disclosures ESMA’s communications to support the implementation and supervision of corporate sustainability reporting
Why this matters
This regulatory update from ESMA is focused on supporting the implementation and supervision of corporate sustainability reporting, which is relevant for banking, investment management, and capital markets firms.
Sustainable Finance Periodic & ongoing disclosures Corporate Sustainability Reporting directive (CSRD): EFRAG and the European Commission publish implementation guidance and FAQs
AI Analysis
The AMF publication announces implementation guidance and FAQs on the Corporate Sustainability Reporting Directive (CSRD) released by EFRAG and the European Commission, aimed at clarifying reporting standards under the European Sustainability Reporting Standards (ESRS). This matters for compliance professionals as it provides actionable tools to meet expanded sustainability disclosure requirements, ensuring audit-ready reporting amid phased rollouts and third-party assurance mandates. It supports harmonized EU-wide compliance for nearly 50,000 companies, enhancing data comparability and investor transparency.
Key dates
2025
- First wave (NFRD reporters: large listed/public interest entities >500 employees) publish CSRD reports for FY2024
2026
- Large EU companies (previously planned for FY2025) deferred to 2028 for FY2027 reporting
2028
- Listed SMEs report for FY2026 (deferred from 2027)
2029
- Final wave including certain non-EU firms; CSDDD applies from July 26, 2029
Suggested considerations
Review EFRAG/EC guidance and FAQs for ESRS implementation; conduct double materiality assessment to identify material ESG topics.
Map and collect ESG data (GHG emissions Scope 1-3, value-chain impacts) with audit trails; develop Paris-aligned transition plans.
Integrate sustainability into management reports with digital tagging (XBRL/ESEF); secure limited third-party assurance.
Strengthen data governance, test processes, and monitor updates from EFRAG/EC/AMF.
What changed
- EFRAG and the European Commission have published specific implementation guidance and FAQs to operationalize CSRD reporting using ESRS, focusing on double materiality assessments, climate...
CSRD replaces the NFRD with broader scope (quadrupling affected companies to ~50,000), mandatory digital tagging (ESEF/XBRL), limited third-party assurance (phasing to reasonable), and integrated...
Recent amendments defer timelines for certain waves, adjust scope thresholds, add exemptions, cap value-chain disclosures, and refine assurance standards.
Compliance impact
Urgency: High - With first reports due in 2025 for ~11,000 firms and preparations critical for 2026+ waves, non-compliance risks enforcement, reputational damage, and investor scrutiny. Deferred timelines offer breathing room but demand immediate data readiness amid evolving standards and assurance mandates.