The French Financial Markets Authority has published the main findings of its 2025 perception study, which tracks year-on-year how regulated entities assess their relationship with the supervisor. The survey reports a broadly stable and high overall satisfaction score of 4.1 out of 5, while highlighting specific expectations for improving exchanges, administrative burden, process predictability and the practical clarity of regulatory guidance. The study gathered responses from listed companies, asset management companies and investment service providers and, for the first time, from digital asset service providers now covered by the crypto-asset service provider regime and crowdfunding service providers, with more than 400 respondents in total. Satisfaction was highest among crowdfunding service providers (4.18 out of 5) and lower among digital asset service providers (3.55 out of 5), which pointed to needs around clarity, timelines and the readability of procedures; among previously surveyed groups, satisfaction increased for asset managers and investment service providers and edged down slightly for listed companies. Respondents identified staff competence, quality of dialogue and responsiveness as key drivers of overall satisfaction, while approval timelines were rated very positively, with 80% to 98% agreement among long-standing supervised populations; the AMF’s contribution to the attractiveness of the Paris financial centre was rated 3.74 out of 5. The survey also flagged strong demand for additional support on complex regulatory areas, notably the Digital Operational Resilience Act, followed by environmental, social and governance topics and the Market Abuse Regulation, alongside calls for more accessible AMF doctrine. The AMF linked these findings to work under its IMPACT 2027 strategic orientations and indicated that, in 2026, it will make improving clarity, responsiveness and accessibility a dedicated priority, with an emphasis on strengthening support and the readability of requirements and supervisory decisions.
France Autorite des marches financiers 2026-04-07
French Financial Markets Authority publishes 2025 perception study showing 4.1 out of 5 satisfaction and setting a 2026 focus on clearer, more accessible supervision
The French Financial Markets Authority’s 2025 perception study shows broadly stable, high satisfaction of 4.1/5 among 400+ supervised entities, with particularly strong scores for crowdfunding providers and weaker ones for digital asset providers. Respondents praised staff competence, dialogue quality, responsiveness and approval timelines, but sought clearer, more accessible guidance and support on complex rules such as DORA, ESG and MAR. The authority will use the findings to advance its IMPACT 2027 strategy and prioritise clarity, responsiveness and accessibility in 2026.