Archive for the 'France (FR)' Category

France has transposed MiFID by legislation and FSA (FR) regulations

On 2007-05-21 FSA (FR) announced by a  press release their completed transposition of MiFID into national law and regulations by the FSA (FR), apart from minor changes in two specific banking regulations: one about safeguarding clients’ assets and the other on compliance and outsourcing; these new texts are expected soon).  

Timetable for MiFID transposition into law in France, Germany, Italy, Sweden and the UK

Trade Associations in France, Germany, Italy, Sweden and the UK has collated a possible timetable for MiFID transposition into national legislation in their countries.

Ministry of Finance (FR) publishes feed back on consultation on MiFID law proposal

2007-01-25 The French Ministry of Economy, Finance and Industry (Ministère de l’économie, des finances et de l’industrie) has published on its website the results of its November 2006 public consultation on draft provisions for implementing the Markets in Financial Instruments Directive (MiFID) Level 1 measures into French law. The public is invited to make comments on other […]

FSA (FR) publishes consultation paper on new regulation according to MiFID

2007-01-18  AMF, the French FSA, has published today a document for consultation with the proposed changes in the chapter of the AMF General Regulation related to investment firms. The response deadline is 2007-03-01. The document in French comprises 474 pages and exhibits the present regulation, the MiFID provisions and the proposed amendments with comments.

MiFID transposition and application - State of Play in the Member States

EC has made a survey of the State of Play on transposing MiFID into national legislation, Report. It seems as if only 9 out of 27 member states that responded to the Questionnaire expect to meet the transposition deadline of 31st January 2007.
EC say they will be rigorous in exercising its enforcement functions under the Treaty on delayed member […]

Ministry of Finance (FR) publishes MiFID law proposal for consultation

The French Ministry of Finance published on 2006-11-02 a law proposal mainly transposing MiFID Level 1 measures into French law (Code Monetaire et Financier). The proposed changes are presented in three documents for consultation:
1 – Authorisation
2 - COB rules, client classification, information to clients, best execution, conflicts of interest, etc;
3 – Investment advice and tied […]

French guidance on Best Execution issued by the regulator AMF

AMF (Autourité des Marchés Financiers), the French regulator, issued 2006-08-04 for consultation until end of October 2006 a proposal for a Guidance (English version) on Best Execution for response by end October 2006. 
AFEI (Association Francaise des Enterprises d’Investissement) has responded to AMF: AFEI response to AMF on Best Execution
Response to AMF by ICMA (International Capital Market Association), ISDA (International Swaps and […]