AMF and Banque de France set out T+1 milestones one year before EU go-live
One year ahead of the EU move to a T+1 settlement cycle on 11 October 2027, the AMF and the Banque de France have urged all financial market participants to complete their operational preparations and to engage in the 2027 industry testing programme. The authorities highlight two implementation deadlines: 7 December 2026 for allocation and confirmation requirements, and 11 October 2027 for settlement instruction and CSD functionality requirements. They also recall that settlement discipline penalties under Article 7 of CSDR continue to apply.
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AMF publishes final recommendations on money market fund liquidity
The French AMF has published Recommendation DOC-2026-07 on money market fund liquidity, following its June 2026 public consultation and in coordination with the Irish and Luxembourg authorities. The text sets expected weekly liquid asset buffers above the MMFR minimums — 20% for VNAV funds and 40% for PDCNAV and LVNAV funds — and introduces a 10-business-day notification trigger to the AMF.
30 Oct 2026
AMF highlights shortcomings in client communications on SCPI investments
On 29 October 2026, the AMF published findings from SPOT inspections of four French investment service providers. The review identified weaknesses in product selection, suitability assessments, traceability of commercial documents, exposure safeguards and compliance oversight. It also highlighted good practices, including product de-listing and improved client communication. No new obligations are introduced, but the findings offer useful supervisory guidance for firms distributing illiquid investments.
29 Oct 2026
AMF Sanctions Commission colloquium materials
At its 19th Enforcement Committee conference, the AMF discussed adapting market-manipulation detection tools and the role of remediation in enforcement proceedings. Early corrective action may influence supervisory follow-up and the level of sanctions sought, but does not guarantee immunity from penalties. No new obligations are introduced by the conference.
26 Oct 2026