Marketing Collective investments Supervision The AMF is publishing a summary of its SPOT inspections on communications to clients in relation to SCPIs
Why this matters
The document publishes findings from the AMF's SPOT thematic inspections of four investment services providers, covering SCPI offers, marketing, suitability reports, and compliance oversight.
Sustainable Finance Asset management Europe & international Regulatory developments Journalists Investment services providers Investment management companies The AMF publishes its conclusions on the revision of the SFDR Regulation
Why this matters
This is a news release announcing AMF conclusions and 14 recommendations on operational issues related to SFDR Regulation revision. The content is informational rather than binding, but carries noteworthy regulatory guidance on two key areas: credibility of transition plans and principal adverse impact (PAI)...
Shares ETF Record number of retail investors on the markets in the first half of 2026
Why this matters
The AMF news release presents market participation data and trends for H1 2026, showing record numbers of retail investors in equities and ETFs. The content is purely informational and observational, documenting activity levels via the AMF's Active Retail Investor Dashboard.
Asset management The AMF publishes a summary of its SPOT inspections on telephone conversation recording at asset management companies
Why this matters
This is a published summary of thematic inspections conducted by the AMF on telephone conversation recording practices at five asset management companies. The content identifies compliance expectations, good practices (e.g., five-year retention, staff training, quarterly sampling), and poor practices (e.g., lack of...
Mediation Annual report Retail investors Professional investors Journalists The Ombudsman publishes his 2025 Annual Report
Why this matters
This is an informational annual report from the AMF Ombudsman documenting 2025 dispute statistics and trends. It reveals significant increases in referrals across multiple product categories (PEAs up 150%, crowdfunding up 1,062%, crypto-assets up 38%), with notable conduct issues around transfers, withdrawal delays,...
Institutional Annual report Marketing Financial products Savings protection Other professionals Retail investors Journalists Investment management companies Listed companies and issuers The AMF and ACPR...
Why this matters
Annual report from AMF-ACPR Joint Unit covering 2025 activities. Primary focus on consumer protection against scams and misleading advertising, structured products market analysis, sustainability preferences implementation, and marketing practice monitoring.
Derivatives or structured products Marketing Retail investors Journalists Investment management companies The ACPR and AMF Joint Unit publishes its analysis on the distribution, fees and performance of structured products
Why this matters
Joint ACPR-AMF analysis of structured products distribution, fees, and performance. Identifies compliance gaps in product governance, target market definitions, and fee disclosure. Informational regulatory guidance with supervisory expectations for professionals distributing complex products to retail investors.
Equity Market infrastructures Microstructure The AMF analyses the rise in closing auction trading activity on the French equity market
Why this matters
AMF regulatory analysis of closing auction trading patterns on French equity market. Informational study examining market microstructure, trading venue fragmentation, and participant behavior. No enforcement action or urgent compliance requirement indicated.
Supervision Europe & international Markets Journalists Investment management companies Listed companies and issuers From design to delivery: The AFM and the AMF identify five enablers for effective EU-level market supervision
Marketing Disclosure Obligations MIFID Investment advice Mystery shopping visits to bank branches: the AMF calls on professionals to improve the quality of client questioning and the presentation of fees
Why this matters
AMF mystery shopping campaign findings on banking advisors' compliance with MiFID II requirements regarding client questioning quality, fee presentation, and regulatory documentation. Informational regulatory update reporting on supervisory findings and calling for industry improvements in conduct practices.
Financing the economy Equity Fixed income The AMF publishes a study on market-based financing in Paris for the period 2007–2025
Why this matters
AMF study on market-based financing trends in Paris (2007-2025) is informational research examining equity and bond market dynamics, listing trends, and capital raising patterns. Relevant to capital markets participants and regulators monitoring market structure and competitiveness.
Investing wisely Long term investment Equity Savings Plan Shares Periodic & ongoing disclosures The AMF publishes a study on the behaviour of retail investors in CAC 40 stocks in the age of social media
Why this matters
AMF research study on retail investor behavior in CAC 40 stocks influenced by social media. Informational content highlighting younger investors' and neo-brokers' responsiveness to social media signals over fundamental information.
Anti-money Laundering Sanctions & settlements Supervision The Autorité des Marchés Financiers publishes a summary of its anti-money laundering and combating the financing of terrorism inspections
AI Analysis
The AMF has published a synthesis of 46 AML/CFT and Automatic Exchange of Information (AEI) inspections conducted between 01 January 2022 and 31 December 2025, which resulted in 16 sanctions, 16 settlements and 16 remedial follow‑up letters. The publication is explicitly positioned as part of the AMF’s 2026 supervisory priorities and its Impact 2027 strategy, and it clearly signals that AML/CFT and AEI failings in the French investment and advisory sector will continue to drive both enforcement and structural remediation.
Key dates
01 January 2022
- Start of the period covered by the AMF’s AML/CFT and AEI inspections synthesis (inspections leading to follow‑up actions)
June 2024
- Creation of the European Anti‑Money Laundering and Countering the Financing of Terrorism Authority (AMLA), with a mandate over financial‑sector AML/CFT supervision and rulemaking
31 December 2025
- End of the review period for inspections and enforcement outcomes included in the synthesis
January 2026
- Transfer at EU level of AML/CFT mandates and functions to AMLA and start of its 2026‑2028 work programme, including completion of the Single Rulebook and supervisory convergence
09 February 2026
- AMLA launches public consultations on draft regulatory technical standards for AML/CFT supervision and data (RTS/ITS), foreshadowing future harmonised requirements
Suggested considerations
Review and comprehensively update AML/CFT written policies and procedures to ensure they are complete, precise and clearly adapted to the firm’s specific activities, products, distribution channels and client profiles.
Redesign AML/CFT risk mapping to be firm‑specific, cover all relevant money laundering and terrorist financing risks, and explicitly link identified risks to the intensity of customer due diligence and transaction monitoring measures applied.
Implement a formalised framework for the oversight of delegates, distributors, service providers and other third parties performing KYC or onboarding tasks, including documented due diligence, contractual obligations, and periodic testing of their AML/CFT controls.
Conduct a gap analysis of client and beneficial owner data collection, storage and updating processes to ensure full traceability of KYC information, including clear documentation of PEP identification and periodic review.
Enhance due diligence procedures for investment and divestment operations involving fund assets, including documented risk assessments and escalation paths for unusual or higher‑risk transactions.
What changed
- The AMF has formalised and publicly communicated its enforcement findings and expectations on AML/CFT and AEI, turning past inspection outcomes into forward‑looking supervisory benchmarks for 2026...
AML/CFT frameworks must move from generic and incomplete documentation to precise, activity‑specific procedures that clearly reflect the firm’s business model, products, distribution channels and...
AML/CFT risk mapping must be personalised, complete, and demonstrably linked to the level and type of customer due diligence and ongoing monitoring applied; purely theoretical or non‑operational risk...
Firms must implement robust oversight and documented supervision of delegates, distributors, service providers and other third parties involved in KYC or onboarding, rather than relying on unverified...
Client, beneficial owner and source‑of‑funds information must be systematically collected, stored, updated and traceable, including clear identification and ongoing review of politically exposed...
Compliance impact
Non‑compliance with the AML/CFT and AEI obligations highlighted by the AMF carries a high risk of formal enforcement, including sanctions, settlements, public reputational damage and increased supervisory attention. Given AMLA’s emerging role and EU‑wide data sharing, persistent deficiencies may also lead to cross‑border supervisory escalation and greater scrutiny from other authorities and counterparties.
Risk and Trend Mapping Markets Fixed income Asset management Other professionals Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
AMF's 2026 Markets and Risk Outlook is an informational regulatory publication identifying key systemic risks including geopolitical instability, cyber threats, AI vulnerabilities, and market concentration.
Investment advice Sustainable Finance The AMF has introduced a new methodology for document-based inspections of financial investment advisor
Why this matters
AMF announces new CORE inspection methodology for financial investment advisors with findings from 2025 campaigns. Key focus areas include cost/fee disclosure quality, sustainability preference collection, and AML/CFT compliance.
Stress-testing Markets Financial Crisis Other professionals Executive & other private individuals Professional investors Journalists Investment services providers Investment management companies The Banque de France,...
Why this matters
This is an informational news release announcing a methodological report on France's first system-wide stress test conducted by Banque de France, ACPR, and AMF. The exercise covers banking, insurance, and asset management sectors with focus on systemic interconnections and contagion risks.
Long term investment Shares Artificial intelligence Retail investors Journalists Special edition of the AMF Barometer: while artificial intelligence is still not widely used in investment practices, it is winning over more young investors
Why this matters
AMF publishes survey findings on AI adoption in investment practices among French retail investors. This is informational research highlighting generational differences in AI usage (11% overall, 19% under-35s) and perceived risks/benefits.
Annual report Institutional Other professionals Executive & other private individuals Retail investors Fintech Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
AMF's 2025 Annual Report is an informational publication outlining regulatory priorities and activities. Key focus areas include market resilience, retail investor protection, cyber resilience, tokenization of financial assets, and MiCA crypto-asset regulation.
Supervision Marketing Financial products Investment services Savings protection Journalists Investment services providers In an increasingly digital investment landscape, the AMF stresses the importance of the quality of the information...
Supervision Asset management Compliance Journalists Investment management companies The Autorité des Marchés Financiers publishes the findings of its SPOT inspections on asset management companies’ compliance and internal control systems
Why this matters
This regulatory update from the AMF focuses on the findings of SPOT inspections on the compliance and internal control systems of asset management companies. It covers key areas such as the organization and resources of the compliance function, control plans, follow-up on recommendations, periodic control, and...
Long term investment Shares ETF Retail investors Journalists The stock market attracted a record number of retail investors in 2025
Why this matters
This regulatory update from the AMF discusses a significant increase in retail investor participation in the French stock market, including a rise in the number of new investors, increased use of European investment service providers, and a trend towards younger investors.
Shares Asset management Post-trading infrastructures The AMF analyses the typology of participants on the French equity market over the past five years.
Why this matters
This regulatory update from the AMF analyzes the changes in the typology of participants in the French equity market over the past five years. It covers topics related to market surveillance, reporting, and consumer protection, which are relevant for asset managers, banks, and broker-dealers operating in the French...
Collective investments Marketing Financial products Other professionals Executive & other private individuals Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) highlights persistent differences in investment behavior and attitudes between women and men, which is relevant for investment management and wealth management firms.
Supervision Sustainable Finance Marketing Journalists Investment services providers Investment management companies The AMF publishes the findings of its inspections on the consideration of client sustainability preferences
Why this matters
The article discusses the findings of AMF inspections on how investment services providers are considering client sustainability preferences in their advisory process, which is a new regulatory requirement under MiFID II. This is relevant for asset managers and wealth managers who provide investment advice.
Supervision Asset management Journalists Investment management companies The Autorité des Marchés Financiers publishes the findings of its inspections of asset management companies' operational risk management
Why this matters
This regulatory update from the AMF focuses on inspections of asset management companies' operational risk management systems, which is relevant for investment management firms. It also discusses reporting requirements and data quality, which impacts both asset managers and banks.
Derivatives or structured products Marketing MIFID The AMF publishes a working group study on structured products
Why this matters
This regulatory update from the AMF focuses on good practices for improving the clarity and understanding of structured products distributed to retail investors in France.
Artificial intelligence Innovation Fintech Journalists Investment services providers Investment management companies Listed companies and issuers A study by the AMF finds widespread levels of adoption in artificial intelligence by French...
Why this matters
The article discusses the widespread adoption of artificial intelligence by French financial market participants, including asset managers, banks, and fintech/crypto firms. This is a high-priority topic given the technology and consumer protection implications.
Supervision Compliance Journalists Investment services providers The AMF publishes the findings of its inspections on the role and involvement of the compliance function at investment services providers
Why this matters
This regulatory update from the AMF focuses on the role and involvement of the compliance function at investment services providers, particularly in areas such as employee training, remuneration, personal transactions, and disciplinary measures.
Strategy Supervision Institutional Other professionals Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF sets its priorities for 2026 for...
Why this matters
This regulatory update from the AMF sets priorities for 2026 related to deeper, safer and more resilient financial markets open to innovation. It covers topics relevant to various financial firms including asset managers, broker-dealers, banks, and fintechs, such as consumer protection, operational resilience, and...
Long term investment Shares Artificial intelligence Retail investors Journalists AMF 2025 Barometer: in search of autonomy, many French people turn to artificial intelligence when they want to invest
Why this matters
This regulatory update discusses how French retail investors are increasingly turning to artificial intelligence when making investment decisions, which is relevant for investment managers, wealth managers, and fintech firms that provide AI-powered investment services.
Governance Annual report Executive & other private individuals Journalists Listed companies and issuers The AMF examines the transparency of executive succession plans as part of its 2025 Corporate Governance Report
Why this matters
This regulatory update from the AMF examines the transparency of executive succession plans, which is relevant for banking, investment management, and wealth management firms. It touches on reporting and disclosure requirements as well as senior management and governance topics.
Shares ETF Fixed income Individual investors remain active on the markets in the 3rd quarter of 2025
Why this matters
This news update indicates that individual investors remain active in the markets, which is relevant for asset managers, broker-dealers, and wealth managers who serve this client segment. It touches on consumer protection, market abuse, and reporting/disclosure topics that are important for these firms.
Europe & international Sanctions & settlements Publication of the annual ESMA Report on Sanctions and Measures for 2024: AMF imposes the highest amounts in Europe
AI Analysis
The ESMA Annual Report on Sanctions and Measures for 2024, published on 16 October 2025, aggregates enforcement data from EEA national competent authorities (NCAs), highlighting that the French AMF imposed the highest total sanctions at €29.4 million—nearly a third of the EEA's €100 million aggregate—primarily under MAR and MiFID II. This matters for compliance professionals as it signals intensified enforcement focus on market abuse and investor protection across Europe, with France leading in both fine amounts and settlement usage, underscoring a trend toward higher penalties and agile resolution mechanisms.
Key dates
16 October 2025
- ESMA publishes second consolidated Annual Sanctions Report for 2024 data
What changed
This is not a new regulation but a retrospective report documenting 2024 enforcement trends; no direct regulatory changes are introduced. Key observations include a significant rise in total fine amounts to over €100 million (from €71 million in 2023) despite stable sanction volumes (975 vs. 976), with MAR (377 sanctions, €45.5 million) and MiFID II/MiFIR (294 sanctions, €44.5 million) dominating. Notable shifts: increased settlement usage (94 agreements for €21.9 million, 22% of total), with AMF at 18% of its penalties via settlements (vs.
Compliance impact
Urgency: medium – This report reinforces existing rules without new requirements, but signals escalating financial penalties (up 40% YoY) and settlement trends, pressuring firms to prioritize MAR/MiFID compliance to avoid outsized AMF-style fines, especially in France or cross-EEA operations. Matters for resource allocation toward surveillance and remediation, as NCAs like AMF demonstrate willingness for multimillion-euro penalties.
Crypto-assets Investment services Financial services providers The Financial Stability Board and the International Organisation of Securities Commissions publish two reports assessing the implementation of recommendations on crypto-asset and stablecoin activities
Why this matters
This regulatory update is focused on the implementation of recommendations related to crypto-assets and stablecoins, which are relevant for crypto exchanges, banks, and fintech firms operating in the digital asset space.
Supervision Asset management Governance Journalists Investment management companies The Autorité des Marchés Financiers publishes the findings of its thematic inspections on governance and role of senior managers at asset management companies
Why this matters
This regulatory update from the AMF focuses on thematic inspections related to governance and the role of senior managers at asset management companies, which are relevant for investment management and wealth management firms.
Long term investment Sustainable Finance Retail investors Journalists Investment management companies Listed companies and issuers Sustainable finance: retail investors have higher expectations of their financial advisors
Why this matters
This regulatory update discusses how retail investors have higher expectations of their financial advisors when it comes to sustainable finance. This impacts investment management firms, wealth managers, and banks that provide advisory services to retail clients.
Shares ETF Retail investor activity in equities at its highest since 2020
Why this matters
This regulatory update discusses increased retail investor activity in equities, which is relevant for capital markets, investment management, and wealth management firms. The topics covered include consumer protection, market abuse, and reporting requirements.
Crypto-assets Innovation The ACPR and AMF publish the summary of responses to the consultation conducted by the Working Group on Smart Contract Certification
AI Analysis
The ACPR and AMF have published a summary of responses to a public consultation on a 2024 Working Group report exploring smart contract certification in DeFi, addressing technical standards, audit practices, and potential regulatory frameworks. This matters for compliance as it signals preparatory steps toward possible EU-level DeFi regulation, emphasizing risk reduction and trust-building without immediate mandates, influencing future operational and audit strategies for crypto firms.
Key dates
2024
- Working Group conducts analysis and drafts report on smart contract certification
3 February 2025
- Report published for public consultation
14 March 2025
- Industry responses submitted (e.g., GDF, Adan)
16 July 2025
- Summary of consultation responses published by ACPR and AMF
Suggested considerations
Monitor developments: Track ACPR/AMF Fintech Forum updates for potential voluntary certification pilots or EU harmonization under MiCA/pending DeFi rules.
Review internal practices: Align smart contract governance, audits, and change management with endorsed principles (e.g., third-party audits, risk-based recertification on material changes).
Enhance documentation: Prepare for possible protocol-level certification, including modular DeFi interactions and continuous on-chain monitoring.
Engage stakeholders: Participate in future consultations via industry groups like GDF or Adan to influence voluntary frameworks.
What changed
No binding regulatory changes are introduced; this is an exploratory summary confirming industry support for proposed principles on technical standards (security, governance, compliance), audit methods (third-party, self-certification), and regulatory avenues (preference for voluntary certification over mandatory). Respondents endorsed alignment with industry best practices, risk-based approaches, and proportionality, with calls for technologically neutral standards and continuous monitoring models.
Compliance impact
Urgency: Medium – This is not enforceable yet but previews potential mandatory certification in EU DeFi regulation, critical for firms scaling smart contract use to mitigate user risks and build trust; proactive alignment now avoids future retrofits, especially with MiCA's crypto focus.
Supervision Governance Sustainable Finance Journalists Investment management companies The AMF publishes a summary of its SPOT inspections on asset management companies' voting and engagement policies
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on inspections of asset management companies' voting and engagement policies, which are relevant to ESG and sustainability considerations.
Long term investment Equity Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers French retail investor stock market activity: the AMF analyses changes in behaviour between...
Why this matters
This regulatory update from the AMF (French financial markets regulator) analyzes changes in behavior between women and men in French retail investor stock market activity.
Risk and Trend Mapping Markets Fixed income Asset management Other professionals Executive & other private individuals Fintech The AMF publishes its 2025 Markets and Risk Outlook
Why this matters
This regulatory update from the AMF covers the 2025 Markets and Risk Outlook, which is likely to impact investment managers, capital markets participants, and fintech firms. Key topics include ESG/sustainability, technology/cyber risks, and reporting/disclosure requirements.
Supervision Professional certification Asset management Journalists Investment management companies The AMF publishes the findings of its inspections on the verification and assessment of employee knowledge within asset management companies
Why this matters
This regulatory update from the AMF focuses on inspections related to the verification and assessment of employee knowledge within asset management companies. This is relevant for investment management and wealth management firms, as it relates to consumer protection, licensing, and governance requirements.
Annual report Savings protection Marketing Retail investors Journalists The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has published its 2024 Annual Report
Why this matters
This annual report from the ACPR and AMF Joint Unit covers key regulatory developments and oversight across the banking, investment, and insurance sectors, with a focus on consumer protection, reporting requirements, and licensing/authorization. The content is informational in nature.
Marketing Long term investment Other professionals Retail investors Journalists The stock market investor journey: the AMF analyses the mobile applications of 14 institutions
Why this matters
This regulatory update from the AMF analyzes the mobile applications of 14 financial institutions, covering topics related to retail investor protection, technology/digital channels, and disclosure requirements.
Annual report Institutional Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This is an annual report from the AMF, the French financial markets regulator, covering a range of topics relevant to investment management, capital markets, and crypto/digital assets firms. The report likely contains information on regulatory developments, authorizations, and technology/cyber issues in these areas.
This regulatory update discusses increased retail investor activity, which impacts investment management firms, capital markets, and wealth management firms. The key topics covered are consumer protection, market abuse, and reporting requirements for these types of firms.
This regulatory update from the AMF discusses the continued downward trend in financial investment fees, which is relevant for investment management firms, wealth managers, and banks that offer investment products. The topics covered include consumer protection, reporting and disclosure, and prudential requirements.
Marketing Derivatives or structured products Executive & other private individuals Journalists Listed companies and issuers The AMF and ACPR Joint Unit publishes its analysis of the French structured product market
Why this matters
This regulatory update from the AMF and ACPR Joint Unit analyzes the French structured product market, which is relevant for banking, capital markets, and investment management firms.
Employee savings scheme Retail investors Journalists Employee savings: employees and firms are genuinely satisfied, but there is still a great need for support and education
Why this matters
This regulatory update discusses employee savings schemes, which are relevant to banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and licensing/authorization for firms offering these products.
Artificial intelligence Markets Innovation The International Organization of Securities Commissions (IOSCO) publishes a report on artificial intelligence in financial markets
Why this matters
This report from IOSCO covers the use of artificial intelligence in financial markets, which is relevant for firms across the capital markets sector. The key topics include technology and cyber risks, market abuse and surveillance, and reporting and disclosure requirements around AI systems.
Employee savings scheme Employee savings: a high level of satisfaction but a persistent need for support
Why this matters
This regulatory update discusses employee savings schemes, which are relevant to banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and licensing/authorization.
Artificial intelligence Innovation Market infrastructures Post-trading infrastructures Markets The AMF shares the lessons learned from its latest experiments with automated processing of regulatory data
Why this matters
This regulatory update from the AMF discusses their experiments with automated processing of regulatory data, which is relevant for capital markets firms and their use of technology and data reporting.
Asset management Publication of the 2023 asset management key figures report
Why this matters
This regulatory update relates to the publication of the 2023 asset management key figures report, which is relevant for investment management and wealth management firms. The key topics covered are reporting and disclosure requirements, as well as authorization and licensing for these types of firms.
Supervision Asset management Collective investments UCIT Other professionals Journalists Investment services providers Investment management companies The AMF publishes the findings of its thematic inspections of asset management...
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on thematic inspections of asset management companies' monitoring of fund investment ratios, compensation, and claims.
Asset management The Autorité des Marchés Financiers (AMF) has published an analysis of the performance of the French real estate crowdfunding market, based on data collected from the 10 largest platforms in terms of inflows.
Why this matters
This regulatory update from the AMF analyzes the performance of the French real estate crowdfunding market, which is relevant for investment managers, wealth managers, and fintech firms operating in this space.
Shares ETF ETFs: strong growth for retail investors in 2024
Why this matters
This news article discusses the strong growth of ETFs for retail investors in 2024, which is relevant for investment management firms, wealth managers, and broker-dealers. It touches on consumer protection, ESG, and technology/cyber topics.
Asset management Marketing Publication of the first study on the performance of unlisted financial asset funds aimed at non-professional clients
Why this matters
This regulatory update is related to the performance of unlisted financial asset funds aimed at non-professional clients, which falls under the investment management and wealth management sectors. The key topics covered are consumer protection and reporting/disclosure requirements for these types of funds.
Strategy Supervision Institutional Executive & other private individuals Journalists Investment services providers Investment management companies Listed companies and issuers The AMF publishes its action and supervisory...
Why this matters
This regulatory update from the AMF covers priorities related to investment management firms, capital markets participants, and listed companies. Key areas of focus include reporting and disclosure requirements, authorization and licensing, and governance/senior management oversight.
Innovation Market infrastructures MIFID Pilot Regime: the AMF publishes an in-depth report on the implementation of the regulation
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to the implementation of the Pilot Regime, which is a new regulatory framework for market infrastructures.
Long term investment Shares Collective investments AMF 2024 Barometer: French equity investment intentions remain high
Why this matters
This regulatory update from the AMF (French financial markets regulator) discusses the results of the AMF 2024 Barometer, which indicates that French investors' intentions to invest in equities remain high.
Financial disclosures & corporate financing Periodic & ongoing disclosures Reporting ESEF Closing of the 2024 accounts: The AMF publishes recommendations and the results of its examinations of financial statements
Why this matters
This regulatory update from the AMF (French financial markets authority) provides recommendations and examination results related to the closing of 2024 financial statements.
Sustainable Finance Periodic & ongoing disclosures Journalists Listed companies and issuers The AMF publishes an educational report on listed companies' sustainability reporting
Why this matters
This regulatory update from the AMF provides an educational report on sustainability reporting for listed companies, which is relevant for investment managers, brokers, and the listed companies themselves. It covers ESG and sustainability disclosure requirements, which is a key regulatory focus area.
Asset management Collective investments The AMF releases an updated stocktake of French funds equipped with liquidity management tools
Why this matters
This regulatory update from the AMF (French financial markets regulator) provides information on French funds equipped with liquidity management tools, which is relevant for asset managers and wealth managers.
Short selling Equity Stock market tumbles: still a rare phenomenon on the Paris market
Why this matters
This regulatory update discusses a drop in the Paris stock market, which is relevant for capital markets, investment management, and wealth management firms. The topics covered include market abuse, reporting and disclosure, and consumer protection.
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...
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.
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.
AMF activity Institutional The AMF publishes its 2023 CSR Report
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to the publication of its 2023 Corporate Social Responsibility (CSR) Report. This is an informational update that covers ESG and sustainability reporting, as well as authorisation and licensing requirements, which are relevant for asset...
Shares ETF Collective investments Long term investment The activity of retail investors active in equities and ETFs increased further in Q2 2024
Why this matters
This regulatory update discusses increased activity of retail investors in equities and ETFs, which is relevant for investment management firms, broker-dealers, and wealth managers that serve retail clients. The topics covered include consumer protection, market abuse, and reporting requirements.
Sustainable Finance Asset management Other professionals Journalists Investment management companies The Autorité des Marchés Financiers (AMF) publishes the findings of three supervisory initiatives on sustainable finance
Why this matters
This regulatory update from the AMF focuses on supervisory initiatives related to sustainable finance, which is relevant for investment management firms, wealth managers, and the broader financial industry.
Supervision Asset management Journalists Investment management companies The AMF has published a summary of its SPOT inspections of financial management delegation arrangements at asset management companies
Why this matters
This regulatory update from the AMF focuses on inspections of financial management delegation arrangements at asset management companies, which is relevant for the investment management and wealth management sectors.
Sustainable Finance Governance Financing the economy Other professionals Journalists Investment management companies Listed companies and issuers The AMF and the ACPR have published their report on the monitoring and assessment of the climate...
Why this matters
This regulatory update from the AMF and ACPR focuses on monitoring and assessing the climate commitments made by Paris financial centre participants. It is relevant for banking, investment management, and capital markets firms, as well as listed companies, in relation to ESG/sustainability reporting and disclosure...
Annual report Savings protection Marketing Retail investors Journalists The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has published its 2023 Annual Report
Why this matters
This annual report from the ACPR and AMF Joint Unit covers key regulatory developments and oversight across the banking, investment, and insurance sectors, with a focus on consumer protection, reporting requirements, and authorization/licensing. The content is informational in nature.
Sustainable Finance Investment advice Long term investment Retail investors Journalists Mystery shopping visits to bank branches: the collection of client sustainability preferences remains fragmented
Why this matters
This regulatory update focuses on the collection of client sustainability preferences by bank branches, which is relevant for banking, wealth management, and investment management firms. The key topics covered are ESG/sustainability, consumer protection, and reporting/disclosure requirements.
Asset management Anti-money Laundering Money laundering and terrorist financing: the AMF publishes its sectoral risk analysis
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on the sectoral risk analysis for anti-money laundering and counter-terrorist financing in the asset management and wealth management sectors. It is of medium urgency for firms in these sectors to review the analysis and ensure compliance.
Mediation Annual report Retail investors Professional investors Journalists AMF Ombudsman publishes her 2023 Annual Report
Why this matters
This regulatory update from the AMF Ombudsman covers mediation and annual reporting, which are relevant for investment managers, wealth managers, and banks that serve retail and professional investors. The topics include consumer protection, reporting and disclosure, and licensing/authorization requirements.
Financial products The AMF publishes a research paper on French funds’ costs
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on research into the costs of French investment funds, which is relevant for asset managers and wealth managers operating in the French market. The topics covered include consumer protection and disclosure requirements around fund costs.
Annual report Institutional AMF activity Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment...
Why this matters
This annual report from the AMF covers a broad range of regulatory topics relevant to investment managers, capital markets participants, and fintech firms, including reporting, licensing, and technology/cyber issues.
Markets Investment services Financing the economy Supervision ESMA's 20 recommendations for more efficient and attractive European markets
Why this matters
This regulatory update from ESMA provides recommendations to improve the efficiency and attractiveness of European markets, covering areas such as market surveillance, reporting requirements, and authorization processes. It is relevant for capital markets participants, investment managers, and wealth managers.
Long term investment Equity ETF Retail investors Professional investors Journalists Dashboard of retail investors active on the stock market: sharp increase in retail ETF activity in Q1 2024
Why this matters
This regulatory update focuses on the activity of retail investors in the stock market, particularly the sharp increase in retail ETF activity in Q1 2024. This is relevant for investment management firms, broker-dealers, and wealth managers that cater to retail investors.
Fees Collective investments Shares ETF Less expensive investment funds for savers in 2023 according to the AMF's Household Savings Newsletter
Why this matters
This regulatory update from the AMF discusses changes to investment fund fees, which impacts investment managers, wealth managers, and banks that offer collective investment products to retail investors. The update is informational in nature, providing an overview of trends in investment fund costs for savers.
Strategy Supervision Institutional Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services...
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.
Long term investment Collective investments Shares Retail investors Journalists Equity investment: intentions on the rise again, driven by young people
Why this matters
This regulatory update discusses a rise in equity investment intentions, particularly among young people. This is relevant for investment management firms, wealth managers, and broker-dealers that serve retail investors.
Supervision Asset management Journalists Investment management companies The AMF publishes summary of third thematic inspection of asset management companies' cybersecurity systems
Why this matters
This regulatory update from the AMF focuses on the cybersecurity systems of asset management companies, which is relevant for investment management and wealth management firms. The topics covered include operational resilience and technology/cyber risk, which are high priority areas for these types of firms.
Asset management UCIT The AMF releases a research paper on French bond funds' flow-performance relationship
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on research related to the flow-performance relationship of French bond funds, which is relevant for investment management firms, banks, and broker-dealers operating in the French capital markets.
Long term investment Risk and Trend Mapping Retail investors Professional investors Journalists Investment management companies Listed companies and issuers Gamification tends to increase investment risk-taking, according to behavioural...
Why this matters
This regulatory update discusses the impact of gamification on investment risk-taking behavior, which is relevant for investment management firms, wealth managers, and broker-dealers that serve retail investors.
Sustainable Finance Periodic & ongoing disclosures Journalists Investment services providers Investment management companies Listed companies and issuers The AMF publishes a second educational report on taxonomy reporting by listed companies
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to taxonomy reporting requirements for listed companies, which is relevant for investment management firms and listed companies.
Long term investment Equity Journalists Investment services providers Investment management companies Listed companies and issuers An OECD study for the AMF profiles new French retail investors
Why this matters
This regulatory update profiles new French retail investors, which is relevant for investment management firms, wealth managers, and broker-dealers that serve this client segment. The topics covered include consumer protection, reporting and disclosure, and licensing requirements.
Fixed income Markets Financial services providers The AMF publishes a study on the margins applied by brokers in the French bond market
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on the margins applied by brokers in the French bond market, which is relevant for capital markets participants and banks operating in this space. The topics covered include market abuse/surveillance and reporting/disclosure requirements.
Long term investment Equity Retail investors Journalists Close to 40% of new equity investors are under 35
Why this matters
This regulatory update discusses trends in equity investing, particularly the growing participation of younger investors. This information is relevant for investment managers, wealth managers, and broker-dealers who serve retail investors.
Long term investment Sustainable Finance Collective investments Retail investors Journalists Sustainable investment: growing interest among French people, especially the youngest
Why this matters
This regulatory update discusses growing interest in sustainable investment among French people, especially the younger generation. This is relevant for investment managers, wealth managers, and the broader financial industry as it indicates increasing demand for sustainable investment products and services.
Risk and Trend Mapping Markets Europe & international Asset management Other professionals Market Infrastructures Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
This regulatory update from the AMF covers a range of topics related to investment management, capital markets, and asset management. It includes information on risk and trend mapping, as well as issues around ESG, market abuse, and reporting and disclosure.
Annual report Savings protection Marketing Financial products Retail investors Journalists The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment publishes its 2022 annual report
Why this matters
This regulatory update covers the annual report from the joint unit of the French financial regulators ACPR and AMF, which oversees insurance, banking, and retail investment.
Annual report Institutional Strategy AMF activity Retail investors Post-trade Infrastructures Journalists Investment management companies Listed companies and issuers Impact 2027: six main strategic guidelines for...
Why this matters
This regulatory update from the AMF covers strategic guidelines for 2023-2027 that impact investment management companies, wealth managers, and banks. The key focus areas are consumer protection, ESG/sustainability, and reporting/disclosure requirements.
Mediation Annual report Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF Ombudsman publishes her 2022 Annual Report
Why this matters
This regulatory update from the AMF Ombudsman covers topics related to investment services, investment management, and listed companies. It is an informational annual report, so the urgency is low.
Savings protection Equity Savings Plan Shares Long term investment Retail investors Journalists Investment services providers Listed companies and issuers Equity savings plans : the AMF working group proposes avenues for...
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.
Supervision MIFID Financial services providers Other professionals Journalists Investment services providers Provision of market data: the AMF conducts a series of SPOT inspections and identifies shortcomings in compliance with requirements
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.
Long term investment Equity Savings Plan Retail investors Journalists Slight recovery of retail investor activity in the stock market
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.
Sustainable Finance Asset management Sustainable Finance Disclosure Regulation: the AMF publishes a study on classifications and fossil fuel exposure in the French funds universe
Why this matters
This regulatory update from the AMF (French financial markets regulator) is focused on the Sustainable Finance Disclosure Regulation (SFDR) and the classification and fossil fuel exposure of French investment funds.
Employee savings scheme Long term investment Collective investments Retail investors Professional investors Journalists Employee savings: a sharp increase in awareness and ownership of employee savings schemes; support for employees and company managers...
Why this matters
This regulatory update discusses trends in employee savings schemes, including increased awareness and ownership. It is relevant for investment managers, wealth managers, and all firms that offer or manage employee savings products.
Long term investment Equity Retail investors Professional investors Journalists The AMF has produced the standard profile of active investors in 2022
Why this matters
This regulatory update from the AMF provides information on the standard profile of active investors in 2022, which is relevant for investment management firms, wealth managers, and broker-dealers that serve retail and professional investors.
MIFID Supervision Retail investors Journalists Mystery shopping campaign to bank branches: progress made in the questioning to client, improvements needed in the information provided
Why this matters
This regulatory update from the AMF focuses on a mystery shopping campaign to bank branches, which is relevant for banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and authorization and licensing.
Asset management Anti-money Laundering Money Laundering and Terrorist Financing: update of the COLB’s National Risk Assessment
Why this matters
This regulatory update from the AMF focuses on the national risk assessment for money laundering and terrorist financing, which is relevant for investment management and wealth management firms that need to comply with AML/CFT requirements.
Savings protection Marketing Marketing of financial products to ageing populations: publication of an independent academic research report on customer relations and sales processes
Why this matters
This regulatory update focuses on the marketing of financial products to aging populations, which impacts firms across the banking, investment management, and wealth management sectors. Key topics include consumer protection, operational resilience, and disclosure requirements.
Long term investment Equity Equity Savings Plan Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers Over 1.5 million retail investors bought or sold shares in...
Why this matters
This regulatory update discusses retail investor activity in the equity markets, which is relevant for investment management firms, broker-dealers, and wealth managers that serve retail clients.
Artificial intelligence Financial disclosures & corporate financing Innovation Prospectus Artificial intelligence, towards new contributions for regulators
Why this matters
This regulatory update discusses the implications of artificial intelligence for financial regulators, covering topics related to financial disclosures, corporate financing, and innovation.
This regulatory update from the AMF covers a range of sectors and topics relevant to investment management, capital markets, and crypto/digital assets firms. It includes priorities around authorization, reporting, and technology/cyber, indicating medium urgency for firms in these areas to review and prepare.
Long term investment Shares Collective investments Retail investors Journalists The AMF’s latest savings barometer finds that the French are a little less inclined to invest in the stock market
Why this matters
This regulatory update from the AMF discusses trends in French retail investor behavior, particularly their inclination to invest in the stock market. This information is relevant for investment management firms, wealth managers, and broker-dealers that serve retail clients in France.
Governance Sustainable Finance Executive & other private individuals Journalists Listed companies and issuers Social and environmental responsibility, the focus of the AMF's 2022 report on corporate governance and executive compensation of listed companies
Why this matters
This regulatory update focuses on corporate governance and executive compensation, with a particular emphasis on social and environmental responsibility. It is relevant for banking, investment management, and wealth management firms, as they will need to consider these ESG and disclosure requirements in their...
Sustainable Finance Periodic & ongoing disclosures Executive & other private individuals Journalists Listed companies and issuers The AMF publishes two analyses of the information provided by listed companies under Taxonomy reporting and concerning the effects of...
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France focuses on the information provided by listed companies under Taxonomy reporting and the effects of climate risk in financial statements.
Sustainable Finance Governance Financing the economy Other professionals Executive & other private individuals Fintech Market Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update from the AMF and ACPR focuses on monitoring and assessing the climate commitments of Paris financial center actors, which is relevant for a range of financial sectors including banking, investment management, and capital markets.
Long term investment Shares Executive & other private individuals Retail investors Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update discusses a significant drop in the number of active retail investors in the stock market, which could impact investment management firms, wealth managers, and broker-dealers that serve this client segment.
Financial disclosures & corporate financing Financial products Executive & other private individuals Professional investors Journalists Listed companies and issuers The AMF publishes a study on the share price performance of companies using dilutive...
Why this matters
This regulatory update from the AMF focuses on the share price performance of companies using dilutive financing, which is relevant for capital markets, investment management, and wealth management firms.
Supervision Journalists Investment services providers The AMF publishes a summary of its SPOT inspections on simple, transparent and standardised securitisation
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to inspections on simple, transparent and standardised securitisation, which is relevant for banking, investment management and capital markets firms.
Bids Financial disclosures & corporate financing The AMF reviews the key issues raised by the Veolia-Suez public offer
Why this matters
This regulatory update from the AMF discusses key issues raised by the Veolia-Suez public offer, which is relevant for banking, investment management, and capital markets firms that may be involved in or impacted by such corporate transactions.
Derivatives or structured products Journalists The AMF has published a study of the profile of participants and their positions in the Matif agricultural commodities derivatives market
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) focuses on the profile of participants and their positions in the Matif agricultural commodities derivatives market.
Supervision MAR Journalists Investment services providers Investment management companies Publication of the SPOT inspection campaign summary on market abuse prevention systems in asset management companies
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to the publication of a summary of their SPOT inspection campaign on market abuse prevention systems in asset management companies.
Risk and Trend Mapping Markets Europe & international Asset management Executive & other private individuals Journalists Investment services providers Investment management companies Listed companies and issuers The...
Why this matters
This regulatory update from the AMF covers the 2022 Markets and Risk Outlook, which is likely to be informational in nature and cover trends and risks across investment management, capital markets, and asset management firms.
Supervision MIFID Journalists Investment services providers Investment management companies The AMF publishes a summary of its SPOT inspections on the theme of best execution in asset management companies
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on inspections of asset management companies regarding best execution practices, which is a key investor protection requirement under MiFID II.
Innovation AMF activity Journalists Investment services providers Investment management companies Listed companies and issuers The AMF continues its data strategy with the release of short selling data to the public
Why this matters
This regulatory update from the AMF relates to the release of short selling data to the public, which impacts capital markets and investment management firms. It also involves reporting and disclosure requirements for listed companies.
Annual report Savings protection Journalists Investment services providers Investment management companies Listed companies and issuers The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment publishes its 2021 annual report
Why this matters
This regulatory update covers the 2021 annual report from the joint unit of the French financial regulators ACPR and AMF, which oversees insurance, banking, and retail investment firms.
Supervision Asset management Journalists Investment services providers Investment management companies The AMF publishes a summary of its findings regarding the costs and fees of UCITS marketed to retail investors
Why this matters
This regulatory update from the AMF focuses on the costs and fees of UCITS funds marketed to retail investors, which is relevant for asset managers and wealth managers that offer these products.
Annual report Institutional Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update from the AMF covers their annual report and strategic plan, which is relevant for investment managers, broker-dealers, and fintech firms. The key topics include reporting and disclosure requirements, technology and cyber risks, as well as authorization and licensing for firms operating in the...
Mediation Annual report Retail investors Journalists The AMF Ombudsman publishes her 2021 Annual Report
Why this matters
This regulatory update from the AMF Ombudsman covers the 2021 annual report, which is likely to be of interest to investment managers, wealth managers, and banks that serve retail investors.
Supervision Fixed income Journalists Investment services providers The AMF publishes a summary of its SPOT inspections on post-trade transparency in the bond market
Why this matters
This regulatory update from the AMF focuses on post-trade transparency in the bond market, which is relevant for banking and capital markets firms. The topics covered include reporting and disclosure requirements as well as market abuse and surveillance, which are important compliance areas for broker-dealers and...
Market infrastructures Order Retail investors Market Infrastructures Journalists AMF publishes an analysis of retail investor order execution on French stocks
Why this matters
This regulatory update from the AMF (French financial markets regulator) analyzes the order execution of retail investors on French stocks. This is relevant for capital markets participants, investment managers, and wealth managers who handle retail investor orders.
MMF The AMF publishes a stock-take analysis of the market for short-term debt instruments in Europe
Why this matters
This regulatory update from the AMF provides an analysis of the short-term debt instrument market in Europe, which is relevant for banking, investment management, and capital markets firms.
Short selling Equity Financial Crisis Executive & other private individuals Market Infrastructures Post-trade Infrastructures Professional investors Journalists French and Dutch market authorities publish a joint analysis of the...
Why this matters
This regulatory update discusses the impact of short selling bans during the COVID-19 crisis, which is relevant for capital markets, investment management, and wealth management firms. It covers market abuse, reporting, and operational resilience topics.
Long term investment Retail investors Journalists More than one million new retail investors have entered equity markets in France over the last 3 years, according to the AMF's dashboard
Why this matters
This regulatory update discusses the increase in retail investor participation in the French equity markets over the past 3 years, which is relevant for asset managers, broker-dealers, and wealth managers that serve retail clients.
Strategy Supervision Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update from the AMF covers priorities across investment management, capital markets, and fintech firms. Key topics include technology/cyber, authorization/licensing, and reporting/disclosure requirements. The medium urgency reflects the strategic nature of the update.
Sustainable Finance Journalists Investment services providers Investment management companies Listed companies and issuers The ACPR and AMF publish their report on climate-related commitments of French financial institutions
Why this matters
This regulatory update from the ACPR and AMF focuses on the climate-related commitments of French financial institutions, which is relevant for banking, investment management, and wealth management firms. The key topics covered are ESG/sustainability and reporting/disclosure requirements.
Sustainable Finance Savings protection Collective investments Responsible finance: the AMF draws an overview of communications practices abroad
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) provides an overview of communications practices related to responsible finance abroad. It covers topics relevant to investment managers, wealth managers, and the broader financial industry in terms of ESG, consumer protection, and disclosure...
MMF The AMF publishes a study about potential explanatory variables for the record outflows that French MMFs faced in March 2020
Why this matters
This regulatory update from the AMF (French financial regulator) focuses on potential explanatory variables for the record outflows that French money market funds (MMFs) faced in March 2020.
Financial products Bids Shares Financial disclosures & corporate financing Markets The AMF publishes a study on the development of the SPAC market and its challenges
Why this matters
This regulatory update from the AMF focuses on the development and challenges of the SPAC market, which impacts capital markets, consumer credit, and mortgage/lending firms. Key topics include market abuse, reporting/disclosure, and authorization/licensing requirements for SPAC-related activities.