Representing financial market professionals based in France



IOSCO Annual Meeting and ICSA meetings, 8-16 November 2021

The 2021 annual meeting of the International Organization of Securities Commissions (IOSCO) was cancelled due to the Covid-19 pandemic and replaced by a series of virtual meetings held in November 2021. As part of the gathering, the International Council of Sec...


MiFID II Review

MiFIR Review The European Commission adopted on 25 November the proposal to review the Markets in Financial Instruments Regulation. The introduction of a European consolidated tape (CT) is a central plank of the new framework and a key policy issue for the Comm...


Sustainable finance

Climate indices Before the summer, the AMF consulted AMAFI on how Climate Transition Benchmark and Paris Alignment Benchmark (CTB / PAB) indices should be treated with regard to the complexity restrictions set out in AMF Position No. 2010-05, where the indices...


MiFID II - Review

European engagement Ahead of the MiFIR review, AMAFI Chairman Stéphane Giordano, along with several members of the European Action Committee, presented AMAFI’s priorities (AMAFI / 21-31) to a number of key European figures, including Tilman Lueder...


Commodities – Position limits

ESMA held a consultation earlier this year on technical standards for position limits in commodity derivatives markets. AMAFI said in its feedback that, overall, ESMA’s proposals were appropriate for the stated goals of the MiFID II Quick Fix package, namely...


Liquidity contracts – Accepted market practice

As planned, following a two-year observation period, the French securities regulator, AMF, conducted an overall review of the accepted market practice (AMP) for liquidity contracts created by AMF Decision 2018-01. Accordingly, on 31 March 2021, it submitted a new...


Joint Statement on Consolidated Tape and Market Data Costs

The Appropriate Construction of and Conditions for the usage of a Consolidated Tape


SPACs - Europlace working group on the attractiveness of the Paris financial centre

AMAFI is part of the Paris Europlace working group on the attractiveness of the Paris financial centre, whose aim is to talk about the main regulatory, legal and tax obstacles that interfere with the centre’s appeal. Special purpose acquisition companies (SP...


CMU – European Supervisory Authorities

As part of the Capital Markets Union (CMU) reboot, the European Commission launched a consultation on supervisory convergence and the single rulebook with a view to learning the initial lessons from the review of the European Supervisory Authorities (ESAs) conduct...