FR - New reporting to AMF on compensation and ratio overruns

17/09/2021

On 23 June 2021, the Autorité des Marchés Financiers (AMF) announced new quarterly reporting requirements.

The new quarterly reporting requirements refer to:

  • compensation paid by management companies to shareholders or unit-holders of the French or foreign undertakings for collective investment they manage, in addition to the current obligation to promptly notify the AMF should an incident occur that may cause a loss of more than 5% of the fund’s equity

  • cases of non-compliance with the investment rules and asset composition of the UCITS and AIFs they manage.

Quarterly reports on compensation and ratio overruns must be submitted by the UCITS and/or AIF management companies concerned no later than 31 October 2021 for the quarter running from 1 July 2021 to 30 September 2021.

Head of Knowledge Management Strategy and Market Infrastructure - SGSS
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