DOC-2020-04 Requirements Applicable to Professional Associations of Financial Investment Advisors

The French Financial Markets Authority (AMF) issued Instruction DOC-2020-04 to define the obligations of professional associations of financial investment advisors (CIF) regarding their regulatory compliance. The instruction specifies the conditions for exchanging professional secrecy information with the AMF, the procedures for modifying approval dossier elements, and the reporting requirements for association activities. It also mandates specific training topics for the continuing education of CIF members.

France

Autorite des Marches Financiers

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IV - Commercialization - Customer Relationship IV. 1 - General Provisions Doctrine Investment Advice

Requirements Applicable to Professional Associations of Financial Investment Advisors

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Applicable as of November 23, 2020 Instruction DOC-2020-04

Download Viewed Version Summary Instruction DOC-2020-04 clarifies the conditions that the person in charge, within a professional association of financial investment advisors (CIF), must satisfy regarding the exchange of information covered by professional secrecy with the AMF, modifications concerning the characteristic elements of CIF association approval dossiers subject to prior approval or simple information to the AMF, the information to be provided to the AMF regarding their activity, and the topics that must at least be addressed during training for the updating of CIF knowledge.

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Article 325-36 of the General Regulation

Article 325-37 of the General Regulation

Article 325-38 of the General Regulation

Article 325-40 of the General Regulation

Article 325-42 of the General Regulation

Article 325-43 of the General Regulation Archives

Instruction DOC-2020-04 clarifies the conditions that the person in charge, within a professional association of financial investment advisors (CIF), must satisfy regarding the exchange of information covered by professional secrecy with the AMF, modifications concerning the characteristic elements of CIF association approval dossiers subject to prior approval or simple information to the AMF, the information to be provided to the AMF regarding their activity, and the topics that must at least be addressed during training for the updating of CIF knowledge.