September 2024 Regulatory Updates

🇮🇪 CBI News

September 27th 2024

Issue 8 2024

No description available.

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Prudential / Capital Requirements

Asset ManagerBankWealth Manager

View Original

🇫🇷 AMF Enforcement high

September 19th 2024

The AMF Enforcement Committee fines Sogenial Immobilier and its chairman a total of €180,000

Sanctions & settlements professional obligations Journalists Investment management companies The AMF Enforcement Committee fines Sogenial Immobilier and its chairman a total of €180,000

AI Analysis

The AMF Enforcement Committee issued a €180,000 combined fine against Sogenial Immobilier (€150,000) and its chairman Jean-Marie Souclier (€30,000) on September 12, 2024, for systematic breaches of professional obligations spanning investment selection, regulatory disclosure, conflict of interest management, and anti-money laundering compliance. This enforcement action demonstrates the AMF's heightened scrutiny of asset managers' operational controls and substantive compliance with fund governance requirements, particularly regarding real estate investment companies (SCPIs).