FRANCE: AMF Updates Publications

Friday January 26 2018

It has been reported that the AMF published an update to its Position-Recommendation n° 2011-24 (which covers drafting of marketing material for funds). Pursuant to this change, the AMF recommends that, when providing to investors information on its ESG principles on its website as required by French regulations, a French management company provides such information on a comprehensive single document, which should be drafted in French if such management company targets French retail investors.

As a reminder, French management companies are required to publish information related to their ESG Principles, which shall provide information on (i) the management company (among other, how such entity takes into account the ESH principles, how it will inform on the application of such principles, whether it has adhered to a specific code of ethics…) and (ii) its investment policy (mainly how such principles will be taken into account in the investment activity of the entity).