Representing financial market professionals based in France

AMAFI Product Governance Guide

AMAFI has published an update of its guide to implementing product governance obligations (AMAFI / 20-16), which notably clarifies the obligations to regularly review target markets and identify crucial events affecting products. As with previous versions, the guide was discussed with AMF representatives prior to publication and has been translated into English.

In terms of European-level discussions, AMAFI continues to participate actively in the MiFID FinDaTex working group, which developed the European MiFID Template. The aim this time is to prepare a standardised format for distributors and manufacturers to exchange information on sales outside the target market. AMAFI plans to ensure that this future European Feedback Template converges as far as possible with the format proposed in annex 3 of its guide.