When executing client orders, investment services providers other than portfolio management companies shall establish and publish once a year, for each category of financial instrument, a ranking of the top five execution venues based on the trading volumes on which they executed client orders during the previous year and summary information on the quality of execution obtained.
Investment service providers other than asset management companies that execute client orders shall monitor the effectiveness of their order execution arrangements and execution policy in order to identify and address any weaknesses. In particular, they shall regularly check whether the execution venues provided for in their order execution policy make it possible to obtain the best possible result for clients or whether they need to make changes to their execution…
I.-With a view to providing the service referred to in Article L. 321-1.2, investment service providers other than portfolio management companies shall adopt and apply procedures to ensure that client orders are executed promptly and fairly in relation to orders from other clients or orders for their own account. These procedures shall provide for the execution of client orders which are comparable, in particular with regard to their size, type…
Investment services providers other than portfolio management companies authorised to provide the services mentioned in 1, 2 or 3 of Article L. 321-1 may initiate or conclude transactions with eligible counterparties without complying with the obligations set out in Articles L. 533-11 to L. 533-14, with the exception of III bis of article L. 533-12, articles L. 533-15 and L. 533-18 to L. 533-18-2, I of article L. 533-19, and…
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…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
