Remuneration Policies Applicable to Alternative Investment Fund Managers

Printed from a page on the AMF website

Please disable your ad blocker to view this video.

III - Service Providers
III. 1 - Investment Service Providers
III. 1.3. Conduct Rules
Doctrine
AIFM

Remuneration Policies Applicable to Alternative Investment Fund Managers

Share by email

Applicable as of December 20, 2016
Position DOC-2013-11

Print

Download
Version consulted
Summary
The AMF applies the ESMA guidelines on remuneration policies applicable to alternative investment fund managers (ESMA/2013/232). The AMF integrates them into a position that provides clarifications to prevent poorly designed remuneration structures from harming risk management and control. Some of the provisions apply in a manner adapted to the size of the manager and its organization, as well as to the nature, scope, and complexity of its activities. This document enters into application on January 1, 2017.

Download the doctrine
Reference texts

Article L.533-22-2 of the Monetary and Financial Code

Article 319-10 of the AMF General Regulation

AIFM - Remuneration, AMF Professional Guide of August 2, 2013

Guidelines on remuneration policies applicable to alternative investment fund managers - ESMA/2013/232

Guidelines on remuneration policies applicable to alternative investment fund managers - ESMA/2016/579 Archives

The AMF applies the ESMA guidelines on remuneration policies applicable to alternative investment fund managers (ESMA/2013/232). The AMF integrates them into a position that provides clarifications to prevent poorly designed remuneration structures from harming risk management and control. Some of the provisions apply in a manner adapted to the size of the manager and its organization, as well as to the nature, scope, and complexity of its activities.

Download the doctrine

Download the full preview of the doctrine
Reference texts

Article L.533-22-2 of the Monetary and Financial Code

Article 319-10 of the AMF General Regulation

Annex I - Concordance Table Recommendation/Directive on alternative investment fund managers

Annex II - Mapping of remuneration principles set out in the directive on alternative investment fund managers

Annex III - Schematic overview of certain deferral mechanisms

AIFM - Remuneration, AMF Professional Guide of August 2, 2013

Commission Recommendation of 30 April 2009 on remuneration policies in the financial services sector

Guidelines on remuneration policies applicable to alternative investment fund managers - ESMA/2013/232 Legal notices:
Publisher: The Director of the AMF Communication Department. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02