Knowledge Base

What was the record fine imposed by the ACPR in 2018?

€25 million

€50 million

€75 million

€100 million

What is the step following the notification of charges by the Board in the AMF sanctions procedure?

Investigation by the Investigations Department

Examination by an appointed rapporteur with an adversarial phase

Public hearing

Deliberation and reasoned decision

What is the notable feature of criminal sanctions for stock market offences since the law of 21 June 2016?

Reduced sentences for minor offences

Standardisation at 5 years' imprisonment and €100 million in fines

Abolition of prison sentences

Increased sentences for professionals only

What is the composition of the AMF Sanctions Committee?

6 members including two Conseil d'État judges

12 members independent from the Board, including judges from the Conseil d'État and the Cour de cassation

8 members appointed by the President of the Republic

10 members chosen from finance professionals

Categorize items by dragging them to the appropriate zones

Items to categorize:

Warning by the AMF

5 years' imprisonment for insider dealing

Reprimand by the ACPR

€100 million fine for market manipulation

Categories:

Administrative sanctions

Criminal sanctions

The Conseil d'État has jurisdiction over appeals against AMF sanctions for non-professionals.

True

False

Maximum financial sanction for market abuse (AMF)

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AMF decisions are always published with full names without the possibility of anonymisation.

True

False