Regulatory Update—First Quarter 2023

AMF, AFG and ESMA Updates—January

• Best Practice Guide for Private Debt: Sustainability-Linked Financing
• AMF: The AMF Sanctions Commission Sanctions a UK Asset-Management Company for Several Breaches of Their Professional Obligations
• ESMA: ESMA and National Competent Authority Will Launch a Common Supervisory Action on MiFID II Disclosures
• AFG: The AFG Published an FAQ Document on the Packaged Retail Investment and Insurance Products Key Information Document
• AMF: The AMF Published Their Supervisory Priorities for 2023
• ESMA: An Open Hearing Consultation on Environment Social Governnance
• Recruitment Guide: Data-Protection Basics and Q&A

AMF, AFG and ESMA Updates—February

• The AMF Enforcement Committee Fines Three Legal Entities and Eight Individuals for Insider Dealing Breaches and Failure to Maintain and Update Insider Lists
• The Key Information Document Is Now Applicable to All Collective Investment Schemes
• ESMA Reviews the Scope of Clearing-and Derivatives-Trading Obligations
• Key Information Document: Understanding Performance Scenarios
• Key Information Document: Understanding Investment Risk Information
• Technological Innovations: Which Strategies for Asset Managers?
• Taxonomy Article 8 Reporting: Publication of an FAQ by the European Commission
• The Sustainable Finance Disclosure Regulation: The AMF Proposes a Targeted Review to Include Minimum Environmental Criteria
• The AMF Enforcement Committee Fines a Financial Investment Advisor for Breaches of Its Professional Obligations.
• The Autorité de contrôle prudentiel et de résolution Has Announced Its Supervisory Priorities for 2023
• AFG's Response to ESMA's Consultation on Its Draft Guidelines on ESG Labelling of Funds
• Extension of the Preparation of a Key Information Document to All Collective Investments: The AMF Updates Its Policy
• Money Laundering and Terrorist Financing: Update of the Advisory Council on Combating Money Laundering and Terrorist Financing’s National Risk Assessment
• Anti-Money Laundering and Combating the Financing of Terrorism: The AMF Applies the Guidelines of the European Banking Authority
• Adoption of the European Long-term Investment Funds 2.0 Regulation by the European Parliament

AMF, AFG and ESMA Updates—March

• Guide to Fees and Contributions Due to the AMF
• Contributions Due to the AMF: A new Complaints Form for Better Monitoring
• Publication of the Climate and Sustainable Finance Commission: Climate Resolutions
• Letter from the European Commission on Assessment of the Financial System’s Resilience to Stress in the Transition to the EU’s 2030 Goals for the Reduction of Greenhouse Gas Emissions 
• The European Financial Reporting Advisory Group Issues the Set of Bases for Conclusions for Its First Set of Draft European Sustainable Reporting Standards 
• Verena Ross' Speech at a Commissione Nazionale per le Società e la Borsa Conference: “The New Frontiers of Digital Finance”
• Q&A: Application of the AIFMD
• Annexes to the Sustainable Finance Disclosure Regulation — Gas and Nuclear — AMF Expectations: Clarifications
• Order of February 1, 2023 Ratifying Amendments to the General Regulation of the AMF
• The AMF Enforcement Committee Fines the Head of Consolidation of a Listed Company for Insider Dealing
• Sustainable Finance Disclosure Regulation: The AMF Publishes a Study on Classifications and Fossil Fuel Exposure in the French Funds Universe
• AMF Presents Its Proposals to Improve the Readability of Financial Product Fees in European Law