Tue, May 9, 2023

Regulatory Update—First Quarter 2023

The Financial Services Compliance and Regulation practice of Kroll provides updates from the European Securities and Markets Authority (ESMA), the French Autorité des marchés financiers (AMF), as well as other regulatory bodies affecting French asset managers during Q1 2023.

AMF, AFG and ESMA Updates—January

  • Best Practice Guide for Private Debt: Sustainability-Linked Financing
  • AMF: The AMF Sanctions Commission Sanctions a UK Asset-Management Company for Several Breaches of Their Professional Obligations
  • ESMA: ESMA and National Competent Authority Will Launch a Common Supervisory Action on MiFID II Disclosures
  • AFG: The AFG Published an FAQ Document on the Packaged Retail Investment and Insurance Products Key Information Document
  • AMF: The AMF Published Their Supervisory Priorities for 2023
  • ESMA: An Open Hearing Consultation on Environment Social Governnance
  • Recruitment Guide: Data-Protection Basics and Q&A

AMF, AFG and ESMA Updates—February

  • The AMF Enforcement Committee Fines Three Legal Entities and Eight Individuals for Insider Dealing Breaches and Failure to Maintain and Update Insider Lists
  • The Key Information Document Is Now Applicable to All Collective Investment Schemes
  • ESMA Reviews the Scope of Clearing-and Derivatives-Trading Obligations
  • Key Information Document: Understanding Performance Scenarios
  • Key Information Document: Understanding Investment Risk Information
  • Technological Innovations: Which Strategies for Asset Managers?
  • Taxonomy Article 8 Reporting: Publication of an FAQ by the European Commission
  • The Sustainable Finance Disclosure Regulation: The AMF Proposes a Targeted Review to Include Minimum Environmental Criteria
  • The AMF Enforcement Committee Fines a Financial Investment Advisor for Breaches of Its Professional Obligations.
  • The Autorité de contrôle prudentiel et de résolution Has Announced Its Supervisory Priorities for 2023
  • AFG's Response to ESMA's Consultation on Its Draft Guidelines on ESG Labelling of Funds
  • Extension of the Preparation of a Key Information Document to All Collective Investments: The AMF Updates Its Policy
  • Money Laundering and Terrorist Financing: Update of the Advisory Council on Combating Money Laundering and Terrorist Financing’s National Risk Assessment
  • Anti-Money Laundering and Combating the Financing of Terrorism: The AMF Applies the Guidelines of the European Banking Authority
  • Adoption of the European Long-term Investment Funds 2.0 Regulation by the European Parliament

AMF, AFG and ESMA Updates—March

  • Guide to Fees and Contributions Due to the AMF
  • Contributions Due to the AMF: A new Complaints Form for Better Monitoring
  • Publication of the Climate and Sustainable Finance Commission: Climate Resolutions
  • Letter from the European Commission on Assessment of the Financial System’s Resilience to Stress in the Transition to the EU’s 2030 Goals for the Reduction of Greenhouse Gas Emissions 
  • The European Financial Reporting Advisory Group Issues the Set of Bases for Conclusions for Its First Set of Draft European Sustainable Reporting Standards 
  • Verena Ross' Speech at a Commissione Nazionale per le Società e la Borsa Conference: “The New Frontiers of Digital Finance”
  • Q&A: Application of the AIFMD
  • Annexes to the Sustainable Finance Disclosure Regulation — Gas and Nuclear — AMF Expectations: Clarifications
  • Order of February 1, 2023 Ratifying Amendments to the General Regulation of the AMF
  • The AMF Enforcement Committee Fines the Head of Consolidation of a Listed Company for Insider Dealing
  • Sustainable Finance Disclosure Regulation: The AMF Publishes a Study on Classifications and Fossil Fuel Exposure in the French Funds Universe
  • AMF Presents Its Proposals to Improve the Readability of Financial Product Fees in European Law

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