Regulatory AlertsGuide on the Organization of Risk Management, Compliance, and Internal Control within Portfolio Management Companies
The Autorité des marchés financiers (AMF) issued Position-Recommendation DOC-2014-06 to define expectations for the organization and functioning of compliance, risk management, internal control, and periodic control functions within portfolio management companies (SGPs). The guide details how these control functions interact and applies to SGP entities managing UCITS or AIFs, or providing portfolio management services for third parties. Although the document has not yet been updated to reflect MiFID II transposition, it remains the primary reference for these organizational requirements.
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