The French Autorité des Marchés Financiers (AMF) issued this document to clarify professional inquiries regarding the roles of management companies and depositaries, eligible assets, public offerings, and the marketing of securities issued by Securitization Undertakings. The guidance specifically addresses regulatory requirements under the French Monetary and Financial Code and the AMF General Regulation. The document notes that it has not yet been updated to reflect the transposition of MiFID II or the legal separation between investment firms and portfolio management companies.