Association Française des entreprises d'investissement

AMAFI Annual General Meeting took place in Paris, 24 June 2014.

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AMAFI this year organised and hosted the 27th Annual General Meeting of the International Council of Securities Associations (ICSA), which comprises the main organisations from around the world that represent the financial industry. As always, the AGM was divided into two parts: a members-only session and a conference featuring prominent speakers from outside ICSA.

The European Parliament adopted on 15 April the Regulation and directive revising the Markets in Financial Instruments Directive (MiFID). Approved on 29 April by the European Council, the measures are due to be published in the Official Journal of the European Union in June and come into force in late 2016 or early 2017. Work on Level 2 measures is underway at ESMA; and the resulting documents – more than 800 pages in all – will put out for consultation between the beginning of June and the beginning of September.

The European Financial Transactions Tax (FTT) was high on the agenda at the eurozone finance ministers' meeting on 5 May and the ECOFIN meeting the following day. A subsequent joint statement by ministers from member states in the enhanced cooperation area for the tax said that "work on the introduction of a harmonised [FTT] is to be based on a progressive implementation of the tax [and] will first focus on the taxation of shares and some derivatives […] at the latest on 1st January 2016".