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

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 ...
/ Regulation, Strategy, Trend

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

“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 ...
/ Regulation, Strategy

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

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 ...
/ Regulation, Trend