December 2020 Regulatory Updates

December 21st 2020

The AMF and the ACPR warn the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so

Warning Savings protection Warning The AMF and the ACPR warn the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so

Why this matters

This is a warning from the French financial regulators AMF and ACPR about unauthorized entities offering investments in Forex and crypto-asset derivatives in France. This is a consumer protection issue and relates to firms operating without proper authorization.

Sectors:

Banking & Credit Crypto & Digital Assets

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankCrypto Exchange

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🇫🇷 AMF Warning

December 17th 2020

Miscellaneous assets: the AMF adds to its black list and, for the first time, has access blocked to unauthorised websites

Warning Savings protection Miscellaneous assets Warning Miscellaneous assets: the AMF adds to its black list and, for the first time, has access blocked to unauthorised websites

Why this matters

This regulatory update from the AMF (Autorité des Marchés Financiers) warns about unauthorized financial services providers and adds them to a blacklist. It also indicates that the AMF has gained the ability to block access to these unauthorized websites.

Sectors:

Banking & Credit Investment Management Wealth & Private Banking

Topics:

Consumer Protection / Conduct Authorisation & Licensing Market Abuse / Surveillance

Asset ManagerWealth ManagerBank

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🇱🇺 CSSF News

December 16th 2020

Application Form – Third country auditors and audit entities

No description available.

Why this matters

This regulatory update relates to the application form for third country auditors and audit entities, which is relevant for banking, investment management, and wealth management firms that may need to engage such auditors.

Sectors:

Banking & Credit Investment Management Wealth & Private Banking

Topics:

Authorisation & Licensing Reporting & Disclosure

BankWealth Manager

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🇫🇷 AMF Warning

December 3rd 2020

The AMF urges investors to exercise the greatest vigilance towards proposals to invest in containers

Warning Savings protection Warning The AMF urges investors to exercise the greatest vigilance towards proposals to invest in containers

Why this matters

This regulatory update from the AMF warns investors to exercise caution towards proposals to invest in containers, which suggests potential risks or concerns around such investments.

Sectors:

Investment Management Wealth & Private Banking Capital Markets & Trading

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements Authorisation & Licensing

Asset ManagerWealth ManagerBroker Dealer

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