Regulatory AlertsDOC-2012-01 Organization of Collective Investment Management Activity and Third-Party Portfolio Management Investment Service Regarding Risk Management
The French Autorité des Marchés Financiers (AMF) issues Instruction DOC-2012-01 to establish specific organizational rules for risk management within collective investment management and third-party portfolio management services. The instruction defines the permanent risk management function, outlines procedures for engaging third parties, and mandates comprehensive risk policies covering counterparty, liquidity, market, and operational risks. Although the document notes it has not yet been updated to reflect MiFID II transposition, it currently governs risk measurement, control, documentation, and archiving practices for these financial activities.
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