AMF Annual Report: # Supervision2022 Strategy Updates

In issuing the 2021 Annual Report, Autorité des marchés financiers (AMF) will review the progress of the # Supervision2022 Strategic Plan and prepare a report confirming the recovery that began at the end of 2020. At the end. In an economic context affected by the consequences of the Ukrainian conflict.

Listed companies: 2021 was an active year in terms of initial public offerings (45 businesses) and was able to record an increase in the number of companies listed on Euronext or Euronext Growth. The number of various public offerings that the AMF must consider complying with regulations has also skyrocketed (43 compliance decisions have been made). These trends will continue at a slow pace in the first half of 2022. At the same time, to support enterprises approaching key regulatory deadlines, AMF has implemented an overview of enterprise carbon reporting, emphasizing the best. Practice.

Management company and savings product supervision: Specific provisions of the European Regulations on the provision of information on the integration of sustainability standards in decisions made by Financial Market Participants (SFDRs), which came into force in 2021.In addition, experts had to prepare for the enforcement of regulations. Classification method.. Autorité continued its efforts to increase the adoption of various optional liquidity management tools by managers. Important work is being done on the fees charged to investors with the aim of leading to regulatory changes.

Digital finance: AMF worked with ACPR to register 21 Digital Asset Service Providers (PSANs) in 2021. By mid-May 2022, 37 have been registered. Mandated within the framework of the future European system, it will allow service provider supervision and service providers will be able to provide services throughout the Union.

2022 Priority Areas:

  • Mobilize the savings of the French people as much as possible to raise capital for the company.
  • Give clarity and credibility to sustainable investment.
  • Strengthen the European regulatory framework.

Challenges for the next few years:

  • Asset Management: AMF Chairman Robert Ophèle said: A genuine European approach to the sector. In the short term, AMF will continue its program of digitizing processing and exchanges with management companies and custodians and using the data for better detection of risk areas.
  • Sustainable Finance: The main challenge is the proper implementation of new non-financial information standards aimed at helping businesses with AMF.
  • Digital Finance: To these within a single market, with the adoption of pilot blame for market infrastructures wishing to use distributed ledger technology and the expected adoption of Regulation of Activities on Digital Assets (MiCA). Should allow for the emergence of a consistent approach to. Activity. “We need more because the French PSAN registration system has its limits and the experiments to execute financial transactions using blockchain have proven promising,” says Robert Ophèle. Regarding the digitization of cross-border marketing of financial products, the AMF chairman called for greater responsibility for ESMA and for strengthening the skills of supervisors in the countries in which the products are sold.