Knowledge Base
Explain the division of competencies between the AMF and the ACPR, and the joint AMF-ACPR unit
Which authority is responsible for supervising stock exchange transactions on Euronext Paris?
The AMF is responsible for monitoring stock exchange transactions on Euronext Paris. This mission is part of its financial markets regulation role, which also includes detecting market abuse and supervising financial instruments such as equities, bonds, ETFs, UCITS, and AIFs.
What is the primary role of the ACPR in the financial sector?
The ACPR is responsible for the prudential supervision of credit institutions, financing companies, payment institutions and electronic money institutions, as well as insurance undertakings. Its missions include preserving financial system stability, protecting clients and policyholders, and combating money laundering.
What is the primary mission of the AMF-ACPR Joint Unit?
The AMF-ACPR Joint Unit was created in 2010 to strengthen oversight of the marketing of financial products and client protection. Its missions include managing blacklists, the ABEIS website, and fighting financial scams.
The AMF is responsible for licensing portfolio management companies.
The AMF is indeed responsible for licensing portfolio management companies. It also supervises investment service providers for their conduct of business aspects, in accordance with MiFID II rules.
The AMF-ACPR Joint Unit handled more than 355,000 calls in 2022.
According to the data provided, the AMF-ACPR Joint Unit handled more than 355,000 calls in 2022, of which 85% concerned banking questions. This call volume illustrates the importance of its role in client protection.
Categorize items by dragging them to the appropriate zones
Items to categorize:
Financial securities
Financial contracts
Financial securities include shares and bonds, while financial contracts include options, futures contracts, and swaps. This distinction is essential for understanding the nature of instruments offered to clients.
How does the approximate number of ACPR staff compare to the AMF?
The ACPR has approximately 1,100 staff members, compared to 500 for the AMF. This difference is explained by the broader scope of the ACPR's supervision, which includes credit institutions, financing companies, and insurance undertakings.
Categorize items by dragging them to the appropriate zones
Items to categorize:
Eligible on RM and MTF only
Eligible on RM, MTF and SI only
Eligible on OTF only
Eligible on all venues
MiFID II imposes specific restrictions on the types of instruments each venue can trade. Equities are excluded from OTFs, while bonds can be traded on several types of venues, including SIs.
Categorize items by dragging them to the appropriate zones
Items to categorize:
AMF
ACPR
Equities, bonds, and ETFs are supervised by the AMF, while life insurance contracts are supervised by the ACPR. Underlying UCITS in unit-linked life insurance are supervised by the AMF.