AMF Updates Doctrine Following EU Benchmark Regulation Revision and New CDC Consignment Rules
The AMF has updated its regulatory doctrine to reflect the May 2025 revision of the EU Benchmark Regulation (BMR), which narrows the scope of benchmarks requiring authorization. It also introduces new notification requirements for liquidators of UCITS and AIFs who must consign unclaimed sums to the Caisse des Dépôts et Consignations (CDC).
Related updates
AMF webinar: Cyber risk and operational resilience in the age of generative AI
The AMF held a remote webinar on 1 July 2026 for portfolio management companies, crowdfunding service providers and crypto-asset service providers on cyber risk and operational resilience in the context of generative AI. The session covered DORA obligations, early lessons from DORA implementation with a focus on major ICT incidents, the AMF's main supervisory findings, security risks raised by generative AI and practical feedback from asset managers. A video replay is available on the AMF website.
01 Jul 2026
AMF President Sets Out Enforcement Priorities: Insider Dealing Convictions and Remediation
In her closing speech at the 19th colloquium of the AMF Sanctions Commission on 5 October 2026, AMF President Marie-Anne Barbat-Layani outlined the Authority's enforcement priorities, announcing the first convictions in the Airgas insider dealing case (up to three years' imprisonment and EUR 30 million in fines) arising from AMF cooperation with the Parquet national financier, and reiterating the role of remediation commitments in administrative settlements.
05 Oct 2026
AMF General Regulation amended: depositary reporting and evergreen FCPR redemptions
An arrêté dated 28 August 2026 homologated amendments to Books III and IV of the AMF General Regulation, published by the AMF on 7 October 2026. Depositaries of UCITS and AIFs will have to notify the AMF where the tiered escalation procedure has not remedied a breach of an investment limit or restriction, and to file quarterly reports on significant anomalies already rectified. Book IV extends the principle of redemption at the request of holders to FCPRs open to redemptions ("evergreen FCPRs"), under conditions to be detailed in a forthcoming AMF instruction.
28 Aug 2026