Chapter III: Obligations of investment services providers

Portfolio management companies are prohibited from receiving deposits of funds, securities or gold from their clients.

I.-The portfolio management companies mentioned in article L. 532-9, with the exception of those which exclusively manage FIAs covered by I of article L. 214-167, FIAs covered by IV of article L. 532-9, FIAs covered by the second paragraph of III of the same article L. 532-9 or which manage other collective investments mentioned in article L. 214-191, draw up and publish a shareholder engagement policy describing how they integrate…

I.-In their sustainability risk policy, made public pursuant to Article 3 of the Regulation of the European Parliament and of the Council on the publication of sustainable investment and sustainability risk information and amending Directive (EU) 2016/2341, portfolio management companies shall include information on the risks associated with climate change as well as biodiversity risks. II.-Portfolio management companies shall make available to their subscribers and to the public a document…

I. – The portfolio management companies of the AIFs mentioned in 1° and 2° of II of this article and the portfolio management companies of UCITS determine the remuneration policies and practices of the following persons, when their professional activities have a substantial impact on the risk profiles of the portfolio management companies or the AIFs or UCITS they manage: 1° Managers ; 2° Members of the board of directors…

Asset management companies shall act honestly, fairly and professionally in the best interests of investors. All information, including promotional communications, sent by an asset management company to investors shall be accurate, clear and not misleading. Promotional communications shall be clearly identifiable as such. The General Regulation of the Autorité des marchés financiers shall specify the conditions for application of the first two paragraphs above, taking into account the nature of…

I. In the management of collective investments, portfolio management companies shall take all reasonable steps to obtain the best possible result in executing orders, taking into account price, cost, speed, likelihood of execution and settlement, size, nature of the order or any other considerations relating to the execution of the order. II.Portfolio management companies shall establish and implement effective arrangements, including an order execution policy, to comply with the requirements…

For the application of articles L. 1226-15, L. 1234-9, L. 1235-3, L. 1235-3-1, L. 1235-11 and L. 1235-16 of the Labour Code, the determination of the indemnity payable by the employer does not take into account, pursuant to article L. 533-22-2 of this Code and for the persons mentioned in the same article L. 533-22-2, the part of the variable part of the remuneration whose payment may be reduced or…

Portfolio management companies shall set a target for balanced representation of women and men among the teams, bodies and managers responsible for making investment decisions. The results obtained are presented in the document referred to in II of article L. 533-22-1. This target is updated each year.