Regulatory AlertsDOC-2005-10 Mandate for the Administration of Registered Financial Securities
The French Autorité des marchés financiers (AMF) issued Instruction DOC-2005-10 to establish a standardized model for the mandate governing the administration of registered financial securities. This mandate authorizes a qualified custodian to perform administrative acts, such as payment of income, while restricting disposal acts like exercising capital increase rights to those explicitly instructed by the account holder. The document further specifies that account statements and transaction notices must be delivered in accordance with the service and account opening conventions defined in the AMF General Regulation.
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