Non-guaranteed investment: regulatory definition and obligations of participants
The growth of unlisted assets and the diversification of distribution channels are making unsecured investment services increasingly important in capital-raising operations. Given the sophistication of distribution arrangements, the use of an investment services provider (ISP) or its tied agent offers a structured framework, ...
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Latest publications
LBP AM European Private Markets recruits Gaëlle Allet
LBP AM European Private Markets (€9.3 billion of funds raised at the end of June), LBP AM's European private assets platform, has announced the recruitment of Gaëlle Allet as product specialist. She joins from Allianz Global Investors, where she ...
Kaleon launches second IPO of the year in Paris
The Italian company, which specialises in managing the cultural heritage of Lake Maggiore, has announced a capital increase of at least €15 million on Euronext Growth in Paris and Milan. The aim is to develop new tourist sites in a sector ...
Less and less receptive to ESG rhetoric, savers want something local and concrete
Institutional investors continue to support the energy transition. But the environmental and social dimensions remain marginal in the investment criteria of the French, who are nonetheless concerned about climate change. Professionals need to make themselves better understood by retail investors and respond to their demands ...
Avis d'expert
Placement non garanti : définition réglementaire et obligations des acteurs
L’essor des actifs non cotés et la diversification des canaux de distribution confèrent une importance croissante au service de placement ...
Plus près des étoiles
Par Christophe Pouchoy, gérant d’Echiquier Space, La Financière de l’Échiquier (LFDE) Fabrication en microgravité, stations spatiales privées, données satellitaires… Le ...
Affaire Eternam : la requalification des club deals en FIA, un tournant majeur pour la régulation de la gestion d’actifs
Le 9 septembre 2025, la commission des sanctions de l'Autorité des marchés financiers (AMF) a condamné la société de gestion ...
Liberté d’expression politique et abus de marché : la CJUE invitée à arbitrer entre débat public et protection des émetteurs
Dans une décision à venir aux forts enjeux, la juridiction européenne doit déterminer le niveau de protection accordé aux responsables ...
Du sommet à la côte : investir dans un tourisme à la croisée des chemins
Entre adaptation climatique et quête de sens, le tourisme se redéfinit. Pour les investisseurs responsables, ce secteur en mutation offre ...
Strategy
Less and less receptive to ESG rhetoric, savers want something local and concrete
Institutional investors continue to support the energy transition. However, the environmental and social dimensions remain marginal in the investment criteria of ...
Will the “Students Challenge” participants overcome their behavioural biases?
Natixis IM is inviting international students to take part in the sixth edition of its investment management ...
“There is nothing to stop a Tibi fund investing 100% in US equities”.”
[Finascope interview] Jacques-Aurélien, co-head of equity management at Edmond de Rothschild Asset Management and manager of the Big Data fund, ...
Infrastructure confirms its appeal in an uncertain environment
The ninth edition of Paris Infraweek takes place from 3 to 7 November. The recent fund-raising by ...
MP Eric Ciotti proposes allowing crypto-assets to be held in PEAs
The chairman of the UDR, allied with the Rassemblement National, has tabled a bill to bring France into the European Union.
Regulation
Non-guaranteed investment: regulatory definition and obligations of participants
The growth of unlisted assets and the diversification of distribution channels are giving increasing importance to the investment service ...
Less and less receptive to ESG rhetoric, savers want something local and concrete
Institutional investors continue to support the energy transition. However, the environmental and social dimensions remain marginal in the investment criteria of ...
ACPR and AMF help professionals to take account of customers' sustainability preferences
The ACPR and the AMF have jointly developed a pragmatic supervisory approach aimed at facilitating the effective application of regulatory requirements ...
Sustainability report (CSRD) and duty of care (CS3D): MEPs support simplification
Sustainability reporting has been streamlined and is only mandatory for the largest companies. Obligations linked to the duty to ...
Eternam case: the reclassification of club deals as FIAs, a major turning point for the regulation of asset management
On 9 September 2025, the Enforcement Committee of the Autorité des marchés financiers (AMF) condemned the asset management company ...
Operation
Kaleon launches second IPO of the year in Paris
The Italian company, which specialises in managing the cultural heritage of Lake Maggiore, has announced a capital increase of at least ...
Real estate and cryptos: an unprecedented transaction without conversion into euros
Valued at over €500,000, the sale of a residential property combines payment in ether and stablecoin with ...
Several development institutions invest in Ardian's “nature” fund
Launched in September 2023, the Averrhoa NBS strategy is aimed at funding projects to restore forests, wetlands ...
Will the “Students Challenge” participants overcome their behavioural biases?
Natixis IM is inviting international students to take part in the sixth edition of its investment management ...
IVO Capital Partners launches a new litigation financing fund
IVO Legal Strategies Fund IV is targeting €150 million in assets under management and the financing of 40 different types of litigation. Entrepreneur Invest launches ...
Innovation
Real estate and cryptos: an unprecedented transaction without conversion into euros
Valued at over €500,000, the sale of a residential property combines payment in ether and stablecoin with ...
“There is nothing to stop a Tibi fund investing 100% in US equities”.”
[Finascope interview] Jacques-Aurélien, co-head of equity management at Edmond de Rothschild Asset Management and manager of the Big Data fund, ...
The Eurosystem launches the next stage of the digital euro project
The new phase involves completing the technical preparations for the launch of the first issue. If ...
MP Eric Ciotti proposes allowing crypto-assets to be held in PEAs
The chairman of the UDR, allied with the Rassemblement National, has tabled a bill to bring France into the European Union.
Lise inaugurates Europe's first tokenised stock exchange
Co-founded at the end of 2017 and headed by Mark Kepeneghian, Lightning Stock Exchange (Lise) has just obtained its authorisation from the ACPR in the...
Trend
Less and less receptive to ESG rhetoric, savers want something local and concrete
Institutional investors continue to support the energy transition. However, the environmental and social dimensions remain marginal in the investment criteria of ...
Initial public offerings: public support fails to revive the machine
Although not binding on management companies, public initiatives such as the Tibi funds or the fund of funds of ...
Anti-money laundering: Tracfin overwhelmed by suspicious transaction reports
At the third edition of the forum organised by the anti-money laundering and combating the financing of terrorism ...
Climate transition: “France is not one of the most advanced European countries”.”
With COP30 due to kick off next week in Belem, Brazil, Ethifinance has conducted a survey of 2767 companies ...
Individuals remain very active on the markets in the third quarter of 2025
The number of equity investors remained at a high level in the last quarter, while ETF activity ...
Communiqués
L’ACPR et l’AMF accompagnent les professionnels dans la prise en compte des préférences de durabilité des clients
L’ACPR et l’AMF ont conjointement élaboré une approche de supervision pragmatique, visant à faciliter une application efficace des exigences réglementaires ...
Rapport sur la durabilité (CSRD) et devoir de vigilance (CS3D): les députés soutiennent la simplification
Les rapports sur la durabilité sont allégés et seulement obligatoires pour les plus grandes entreprises. Les obligations liées au devoir ...
La Commission des sanctions de l’AMF sanctionne un conseiller en investissements financiers et ses deux dirigeants
Dans sa décision du 5 novembre 2025, la Commission des sanctions a infligé à Carat GP et ses dirigeants, MM ...
Les particuliers restent très actifs sur les marchés au troisième trimestre 2025
Ce dernier trimestre, le nombre d’investisseurs en actions s’est maintenu à un niveau élevé, tandis que l’activité sur les ETF ...
La BCE laisse ses taux directeurs inchangés
Le Conseil des gouverneurs a décidé ce jour de laisser inchangés les trois taux d’intérêt directeurs de la BCE. L’inflation ...
Appointments
LBP AM European Private Markets recruits Gaëlle Allet
LBP AM European Private Markets (€9.3 billion of funds raised at the end of June), the European private asset platform of ...
Gabrielle Capron, Senior Analyst at Crédit Mutuel Asset Management
Crédit Mutuel Asset Management, a company in the La Française group (Crédit Mutuel Alliance Fédérale group), announces the arrival of Gabrielle Capron, 52 ...
Romain de Beco, Head of Distribution and Insurance for the French market at Natixis IM
Natixis Investment Managers (€1,300 billion in assets under management) has announced the appointment of Romain de Beco, 40, as ...
Ombeline Michallet, Quantitative Manager at Crédit Mutuel Asset Management
Crédit Mutuel Asset Management, the asset management company of the La Française group (160 billion in assets under management and 1,000 employees), has announced ...
Patrick Archer leaves BlackRock for Broadridge
Patrick Archer has been appointed head of buy-side sales at Broadridge Financial Solutions for France, Switzerland, Belgium, the Netherlands and ...