In mid-February, IOSCO published proposed measures on conflicts of interest identified in equity initial public offerings (equity IPOs) and secondary equity offerings. Eight measures were put forward, informed in particular by the new provisions set out by MiFID I...
PRIIPs has been in application for a number of months now, and it has become apparent that the method used to prepare key information documents (KIDs), as required by European regulations, is leading fairly often to unrealistic or misleading results, particularly...
The International Council of Securities Associations (ICSA), which has been chaired by Pierre de Lauzun since May 2017, met with the Financial Stability Board (FSB) in early May of this year. As an international forum comprising G20 banking and market supervisors...
Product governance The work of the European Working Group (EWG) bringing together a panel of financial players in Europe, including AMAFI, resumed in early 2018. After several months’ use of the standardised European MiFID Template (EMT) developed in 2017...
Le 21 novembre dernier l’AMAFI avait mis à disposition de ses adhérents le document de questions-réponses (Q&A) explicitant les modalités d’alimentation et d’interprétation des données renseigné...
In late 2017 the European Commission launched a consultation on the creation of a proportionate regulatory environment to support SME IPOs. AMAFI stressed the importance of removing certain obstacles to the listing of SMEs, stemming primarily from administrative c...
The entry into force of PRIIPs on 1 January 2018 has generated worrying issues for AMAFI’s members, manufacturers and distributors alike. The methodology used to draft KIDs (key information documents) in accordance with the regulation frequently leads to ove...
In mid-February the International Organization of Securities Commissions, IOSCO, launched a consultation report proposing policy measures to protect investors of OTC leveraged products (CFDs and binary options). Seven proposals were selected, informed in particula...
MiFID 2 The MiFID 2 framework's entry into application on 3 January has not resulted in any major difficulties, at least for now. AMAFI continues to work on various aspects, while widening its scope to look at a broader spectrum of issues. Paying for re...
AMAFI teamed up with LabEx ReFi, a financial regulation research centre, to prepare feedback to the public consultation on initial coin offerings (ICOs) launched by the AMF in late October (AMAFI / 18-02). In sharing their thoughts on the framework for ICOs, which...
