Non-regulated activities of FIAs: what are their obligations?

La Commission des sanctions de l’Autorité des marchés financiers (AMF) vient de sanctionner lourdement un conseiller en investissement financier (« ...
/ Avis d'expert, Regulation

The usefulness of securitization as a source of financing

Six years after the European securitization regulation came into force, the European supervisory authorities are calling for ...
/ Avis d'expert, Regulation

ESMA clarifies the qualification of crypto-assets as financial instruments

By Sébastien Praicheux, member of the Paris Bar, partner at Norton Rose Fulbright LLP, associate lecturer at the University ...
/ Avis d'expert, Regulation

Société de Libre Partenariat Spéciale: a new investment vehicle under French law 

Created by Ordinance no. 2024-662 of July 3, 2024, the Société de Libre Partenariat Spéciale ("SLPS") is a new type of ...
/ Avis d'expert, Regulation

Cross-border fund distribution: the European Commission raises questions, but limits remain

On March 19, the European Commission unveiled its strategy for an "Investment and Savings Union". The stated aim is to ...
/ Avis d'expert, Regulation
Frank Martin Laprade

AMF vs OCABSA: do the ends justify the means?

The AMF (Autorité des Marchés Financiers), which regularly warns of the alleged dangers of hybrid bonds such as OCABSA ...
/ Avis d'expert, Regulation

NAV financing, a growing trend

Highly developed in the United States, net asset value (NAV) financing - financing based on NAV (net asset value) - ...
/ Avis d'expert, Regulation

L’émission des EMT et des ART sous MiCA, comparaison et conditions

Depuis le 30 juin 2024, l’émission des stablecoins dans l’Union européenne est strictement encadrée par le règlement MiCA. Deux catégories ...
/ Avis d'expert, Regulation

The 10 most-read expert opinions in the first half of 2025

Discover the TOP 10 most-read columns and expert opinions on Finascope between January and June. On the program ...
/ Avis d'expert, Regulation, Trend

Takeover bid by a controlling shareholder and delisting: a CJEU ruling could change the rules of the game

Legal column by Jean-Christophe Devouge, partner, and Shanon Minguez, associate, of Aurès. While the withdrawal of ...
/ Avis d'expert, Regulation