On 10 July 2020 (in French) and 16 July 2020 (in English), the AMF announced having modified its policy recommendation (DOC-2020-03*) for UCITS using non-financial aspects in marketing communications to clarify certain points and to assist fund managers.
As part of this update, the AMF decided to create specific forms to complete, for example in the event that a product will begin to use ESG information (“non-financial criteria”) as a central theme in the Key Investor Information Document (KIID) or the marketing materials of the UCITS. These forms are inserted as appendixes in each AMF instruction relating to products and concern the following:
Moreover, the authority specifies that foreign UCITS using non-financial criteria as a central theme should complete a form before notifying the fund in France.
The below instructions have been amended:
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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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