FR – AMF invites depositaries to strengthen their SDG monitoring mechanisms

12/01/2023

On October 12, 2022, the French Financial Markets Authority (AMF) published a summary of SPOT controls on the obligations of UCITS group depositaries when they contact their client management companies and as part of their monitoring.

For this series of SPOT controls, the AMF selected five UCITS and AIF depository institutions of all sizes for which it analysed the system for linking and monitoring client management companies, via a series of short audits. It found significant differences in the quality of the devices examined.

In order to encourage UCITS depositaries to strengthen their system, the AMF published a summary of its observations, highlighting the good and bad practices identified.