Regulation (EU) 2023/1114 of 31 May 2023, known as the MiCA Regulation, which establishes the legal framework for crypto-asset services (previously referred to under French law as digital assets –
New European Anti-Money Laundering Authority: what are the expected impacts on the financial sector?
Located in Frankfurt, the new European Authority for Anti-Money laundering and Countering the Financing of Terrorism (AMLA) is due to start its first supervisory and sanctioning missions by mid-2025, except
The European Union suggests strengthening the harmonization of the AML/CFT legal framework
Since the early 1990s, the European Union (hereinafter referred to as the “EU“) has implemented a framework for combating money laundering and terrorist financing (hereinafter “AML/CFT“), which has been tested
The AMF unveils its action plan and priorities for 2024
On 18 January 2024, the Authority of Financial Markets (AMF) unveiled its action plan and supervisory priorities for 2024 (including its new SPOT control priorities). This regular meeting, which is
The Ordinance on Credit Servicers and Purchasers introduces a new regulated profession at the service of banks and borrowers
For credit institutions, the management and restructuring of their non-performing loans (“NPLs”) and the possibility to sell these NPLs are essential to preserve financial stability, by reducing their balance sheets
Green Industry Law offers new opportunities in terms of savings and retirement savings plans
French Law No. 2023-973 of 23 October 2023 on the green industry (the “Law”) has been published in the Official Journal of the French Republic No. 0247 of 24 October
New European directive on consumer credit: towards a more protective and harmonized European credit market
Directive (EU) 2023/2225 of 18 October 2023 on credit agreements for consumers (the “Directive“) was published in the Official Journal of the European Union on 30 October 2023. The Directive
A look back at the AMF’s announcement of its priorities for action and supervision for 2023
On 9 January 2023, Marie-Anne Barbat-Layani, the new Chair of the Autorité des marchés financiers (“AMF“), presented her best wishes to the financial center. As usual since 2018, this event
Integrating sustainability in investment firms’ operating conditions, operational requirements and product governance
As a result of the transposition of Delegated Directive (EU) 2021/1269 by the Order of 25 July 2022, investment firms (and credit institutions providing investment services) will be required to
Sustainable Finance: publication of the technical standards of the SFDR
The European Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 was finally published in the Official Journal of the European Union dated 25 July 2022 (hereinafter the “Delegated Regulation“).