The board of directors, the supervisory board or any other body exercising equivalent supervisory functions and, where applicable, the risk committee shall be provided with full information on the situation of the investment firm. The terms and conditions of this information shall be specified by order of the Minister responsible for the economy.
I.-Investment firms of significant size, the board of directors, the supervisory board or any other body exercising equivalent supervisory functions shall set up a compensation committee. Branches of third-country undertakings referred to in Article L. 532-48 that are large in relation to their size are required to provide evidence of the existence of a compensation committee or a system for achieving the same objectives that is competent for these branches….
A decree of the Conseil d’Etat shall lay down the conditions for the application of this sub-section.
A systematic internaliser is an investment services provider other than a portfolio management company which, on an organised, frequent, systematic and substantial basis, deals on own account by executing client orders without operating a multilateral system. Its system must operate in accordance with Title III of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments. The frequent and…
Systematic internalisers shall make available to the public at least once a year, free of charge, data relating to the quality of execution of transactions executed within them. These periodic reports shall include detailed information on the price, costs, speed and likelihood of execution for the various financial instruments. The obligations mentioned in this article shall apply from 28 February 2023.
I.-Financial investment advisers are persons who engage in the following activities on a regular professional basis: 1° Investment advice as referred to in 5 of article L. 321-1 ; 2° (Repealed) 3° Advice on the provision of investment services as referred to in article L. 321-1 ; 4° Advice on carrying out transactions in miscellaneous goods as defined in article L. 551-1. II -Financial investment advisers may also receive orders…
Financial investment advisers who are natural persons, as well as natural persons with the power to manage or administer legal persons authorised as financial investment advisers, must meet the age and good repute requirements set by decree, as well as the professional competence requirements set by the general regulations of the Autorité des marchés financiers. Financial investment advisers must be ordinarily resident or established in France.
All financial investment advisers must be able to provide evidence at all times of the existence of an insurance policy covering them against the financial consequences of their professional civil liability in the event of a breach of their professional obligations as defined in this chapter. The minimum level of cover that must be provided by professional indemnity insurance is set by decree, depending on the legal form in which…
I.-Any financial investment adviser must become a member of an association responsible for monitoring the individual professional activities of its members, representing them collectively and defending their rights and interests. II -With a view to the financial investment adviser becoming a member, the association will check that the adviser has a programme of operations. It shall assess the quality of this programme of operations in the light of the obligations…
Financial investment advisers as defined in article L. 541-1 are registered in the single register mentioned in article L. 546-1.
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182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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