Regulatory Alerts2026-06-25
Decision No. 2026-PDG-0028: Coordinated General Decision 31-935 Regarding Exemption from Client Disclosure Obligations for Certain Institutional Clients and Overflow Accounts
The Autorité des marchés financiers issues Decision No. 2026-PDG-0028 to exempt registered advisors from individual client disclosure obligations for overflow accounts and institutional qualified investor accounts. This exemption applies provided the clients receive institutional client information, are notified of the exemption, and understand the differences between standard and institutional disclosures. Advisors must notify their primary regulator of their intent to rely on this decision and provide the required information and explanations within three months of first invoking the exemption.
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