September 2024 Regulatory Updates

What Changed

The decision does not introduce new regulatory requirements but rather clarifies enforcement expectations across existing obligations: Regulatory Documentation Standards: Asset managers must implement documented procedures governing the preparation of all regulatory and marketing materials for alternative investment funds, with particular attention to accurate risk disclosure and asset return reporting. Investment Due Diligence Standards: A "high standard of diligence" is required when selecting investments, with formal investment procedures that must be consistently followed and...

What You Need To Do

• *Audit Existing Procedures
• *Formalize Investment Selection Process
• *Enhance Conflict of Interest Controls
• *Implement Comprehensive AML/CFT
• *Strengthen Internal Control Functions

Key Dates

References

• [1] lefigaro.fr/flash-eco/l-amf-condamne-la-societe-d-investi...
• [2] fundsmagazine.optionfinance.fr/linfo-asset-en-continu/det...
• [3] amf-france.org/en/news-publications/news-releases/enforce...
• [4] amf-france.org/sites/institutionnel/files/pdf/74104/en/Th...
• [5] bourse.lefigaro.fr/fonds/l-amf-sanctionne-sogenial-et-son...
• [6] costar.com/article/462665895/undefined
• [7] batinfo.com/en/actuality/the-novaxia-am-group-and-its-ex-...
• [8] warning-trading.com/police-et-justice/sogenial-souclier-amf/