Fund Distribution Alert 2020-11
Fund Distribution Alert 2020-11
New policy recommendation DOC-2020-06 issued by AMF regarding prospectuses and information related to public offering and admission of financial securities
On 17 June 2020, the French financial supervisory authority, the AMF, issued a policy recommendation (DOC-2020-06) centralizing applicable guidelines related to publication of prospectus and information related to public offering and admission of financial securities.
As a result, dispositions and guidance regarding the prospectus directive, the delegated regulations, the AMF general regulation, other related laws and decrees as well as the ESMA and AMF positions are now consolidated in one document: DOC-2020-06.
This recommendation is made up of three different parts:
- Issuance of a prospectus
- Information in case of prospectus exemptions
- ESMA and AMF positions on specific operations
In addition to this document’s consolidation, the AMF slightly modified the guidance on periodic information (DOC-2016-05) in line with recent regulations developments.
Contact
Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu
Stephanie Zedda
Senior Manager
+352 22 51 51 7271
stephanie.zedda@kpmg.lu
Please note that any information provided is general in nature, is based on the latest publicly available information as analyzed on a best endeavor basis and does not constitute any specific legal opinion or advice.
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