FR AMF General Regulations Changes


On Nov. 15, FR AMF compiled recent amendments to RGAMF.


  • FR AMF compiled the latest Orders changing AMF General Regulations (RGAMF).
  • Order of Oct. 2, 2024
  • The Order of Oct. 22, 2024, published in Nov. 1, 2024, modified Book V of RGAMF.
  • Amended art 516-5 removed the requirement of a public offer for issuers when they transfer securities from the Euronext professional compartment to the general one.
  • Because tranche dedicated to retail investors is now optional during IPOs on the general compartment, the requirement no longer seemed legitimate or appropriate.
  • Order of Oct. 7, 2024
  • The Order of Oct. 7, 2024, published in Nov. 1, 2024, modified Book III of RGAMF.
  • Conditions for the intermediation of bearer financial securities registered in DLT.
  • New subsection 4a inserted in the single section of Chapter I of Title II of Book III.
  • Definition and regulation of the activity of administering bearer financial securities registered in a distributed register, admitted to DLT market infrastructure operations.
  • Order of Jun. 27, 2024
  • The Order of Jun. 27, 2024, published in Jul. 3, 2024, modified Book IV of RGAMF.
  • It granted portfolio management companies (PMCs) the power to provide the auditors of certain AIFs with data on the promotion of environmental or social characteristics.
  • And sustainable investment objectives provided for by SFDR Regulation No 2019/2088.
  • That provision is done separately and within a longer period than that provided for the other elements of the management report; adaptation of timetable for auditors report.
  • Order of Apr. 15, 2024
  • The Order of Apr. 15, 2024, published in Apr. 18, 2024, modified Book IV of RGAMF.
  • Transparency mechanism in master-feeder schemes of collective investment undertakings (CIS) to allow the triggering of the redemption capping mechanism.

Regulators FR AMF
Entity Types B/D; Depo; Exch; HF; IA; Inv Co
Reference PR, 11/15/2024; RGAMF; Order 10/2/2024; Order 10/7/2024; Order 6/27/2024; Order 4/15/2024; SFRD Reg 2019/2088; ESG
Functions Compliance; Environment; Financial; Legal; Market Conduct; Operations; Product Administration; Reporting; Risk; Settlement; Technology; Treasury
Countries France
Category National Regulator
State
Products Custody; Fund Mgt; Hedge Funds; Mutual Funds; Securities
Regions EMEA
Rule Type Final
Rule Date 11/15/2024
Effective Date 11/15/2024
Rule Id 233739
Linked to N/A
Reg. Last Update 11/15/2024
Report Section EU

Last substantive update on 11/20/2024