
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 (« ...

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 ...

Private equity returns and fees: AMF publishes comprehensive study
The Autorité des Marchés Financiers has examined the performance of unlisted retail asset funds. Total fund inflows ...

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 ...

“Chez Euronext, il y a un vrai problème de prise en compte de l’avis des actionnaires”
For the second year running, the stock market operator's shareholders at the Annual General Meeting (AGM) overwhelmingly rejected ...

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 ...

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 ...

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 ...

NAV financing, a growing trend
Highly developed in the United States, net asset value (NAV) financing - financing based on NAV (net asset value) - ...

Unlisted assets: AMF targets Eltif funds' sales pitches
The regulator reiterates the importance of clear information for funds invested in unlisted assets and distributed to the general public ...