Regulatory AlertsDOC-2005-09 Portfolio Management Attestation Under Mandate
The French Financial Markets Authority (AMF) issued Instruction DOC-2005-09 to establish a standardized attestation model required under Article 322-8 of its General Regulation. This document mandates that account holders and portfolio managers formally confirm the existence of a portfolio management mandate while explicitly noting that the custodian is not required to know the mandate's terms. It further requires the parties to commit to notifying the custodian immediately in the event that the mandate is terminated.
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