FRANCE: AMF updates its guide on UCITS V

Wednesday August 3 2016

To support the implementation of the provisions of the UCITS V Directive, France’s Financial Markets Authority (AMF) have updated their UCITS V guide for portfolio management companies, published on February 3, 2016.

The guide is updated to include, in particular, details of remuneration policies such as:

• the main differences compared to those introduced by the AIFM Directive;
• the principle of proportionality;
• the implementation schedule;
• the updated terms of regulatory documentation.

These guidelines, are not anticipated by the AMF to come into force before autumn 2016.

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