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FR - Investment and Commercialisation of Financial Instruments

05/09/2019

On 24 July 2019, the AMF delineated the scope of investment services with regard to commercialisation of financial instruments.

According to position DOC-2012-08, no non-guaranteed investment services shall be considered to have been delivered in case of commercialisation of products that provide a savings solution (UCITSs, AIFs and structured debt securities) and where the search for subscribers or buyers with respect to an accredited ISP does not require any further accreditation. The new position DOC-2012-08 has been updated in alignment with the texts domesticating MIF 2 and/or separating the legal regime for investment undertakings and portfolio management companies.

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