The French Financial Markets Authority has published approved professional rules stating that, from 4 July 2025, it extended the updated provisions of the AFG code of conduct on third party asset management, which it had approved in advance, to all investment services providers that are not AFG members and carry out collective investment management and or portfolio management for third parties, except that for providers other than portfolio management companies the provisions on anti money laundering and counter terrorist financing do not apply because those matters fall under the remit of the Prudential Supervision and Resolution Authority.
France Autorite des marches financiers 2026-05-07
French Financial Markets Authority extends updated AFG third party asset management code to all investment services providers
The French Financial Markets Authority has approved professional rules extending the updated AFG code of conduct on third-party asset management, effective 4 July 2025, to all investment services providers that are not AFG members and conduct collective investment and/or portfolio management for third parties. For providers other than portfolio management companies, the anti-money laundering and counter-terrorist financing provisions do not apply, as these matters fall under the Prudential Supervision and Resolution Authority.