The French Financial Markets Authority (AMF) issued Position-Recommendation DOC-2005-19 to clarify the conditions under which management companies exercise voting rights. The document specifies the requirements for making voting policies and their implementation available to investors, as well as the content of information regarding participation rates in issuers' general meetings. It further details the modalities for transmitting information concerning votes cast.
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III - Service Providers III. 1 - Investment Service Providers III. 1.3. Good Conduct Rules Doctrine Governance
The Exercise of Voting Rights by Management Companies
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Applicable as of June 26, 2018 Position - Recommendation DOC-2005-19
Download Viewed Version Summary The AMF provides clarification on the conditions for the exercise of voting rights by management companies. Position-Recommendation DOC-2005-19 specifies in particular the arrangements for making information available to investors regarding its voting policy and its implementation, the content of information on the participation rate in the general meetings of issuers, and the arrangements for transmitting information concerning votes cast.
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Articles 319-21 to 319-25 of the General Regulation
Articles 321-132 to 321-134 of the General Regulation
Article 321-158 of the General Regulation
Article 321-159 of the General Regulation Archives
The AMF provides clarification on the conditions for the exercise of voting rights by management companies. Position-Recommendation DOC-2005-19 specifies in particular the arrangements for making information available to investors regarding its voting policy and its implementation, the content of information on the participation rate in the general meetings of issuers, and the arrangements for transmitting information concerning votes cast.
Download the doctrine Reference texts
Articles 314-100 to 314-104 of the General Regulation
Articles 319-21 to 319-25 of the General Regulation
The AMF provides clarification on the conditions for the exercise of voting rights by management companies. It specifies in particular the arrangements for making information available to investors regarding its voting policy and its implementation, the content of information on the participation rate in the general meetings of issuers, and the arrangements for transmitting information concerning votes cast.
Download the doctrine Reference texts
Articles 314-100 to 314-104 of the General Regulation
Report of the working group chaired by Mr. Yves Mansion: For the improvement of the exercise of shareholders' voting rights in France 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