Regulatory Alerts2012-12-13
Instruction No. 2012-I-09 of December 13, 2012, amending the application form for the approval of investment firms
The Prudential Control Authority issued Instruction No. 2012-I-09 to amend the application form for the approval of investment firms to include requirements for participating in greenhouse gas emission quota auctions on behalf of clients. The modifications update specific sections of the dossier to mandate descriptions of operational flows, conflict of interest management, and anti-money laundering measures related to this new activity. These changes ensure that investment firms seeking approval for this service demonstrate adequate internal controls and compliance procedures.
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