Investment Service Providers (ISPs) constitute a generic category defined in Article L.531-1 of the Code monétaire et financier. This category is crucial as it determines the applicable regulatory framework for these actors.

According to Article L.532-9 of the Code monétaire et financier, authorisation of SGPs is exclusively granted by the AMF. This distinction is important as other actors such as investment firms (EIs) are authorised by the ACPR.

Article L.511-1 of the CMF defines credit institutions as legal entities whose activity consists of receiving repayable funds from the public and granting credit. This definition is fundamental for distinguishing these actors from other financial market participants.

The minimum share capital for an SGP is €125,000, with an additional 0.02% surcharge beyond €250 million in assets under management. This requirement is set by regulations to ensure the financial soundness of SGPs.

In accordance with Articles 316 et seq. of the AMF General Regulation, every SGP must appoint an RCCI holding an AMF professional card. This requirement aims to ensure compliance and good governance of SGPs.

REGAFI, accessible at www.regafi.fr, lists these actors with information such as SIREN number, LEI code, nature of authorisation, and authorised services. It is an essential tool for verifying the authorisation of financial actors.

ISPs include investment firms, portfolio management companies, and certain credit institutions. Other actors do not fall within this category. This distinction is important for applying the appropriate regulatory framework.

The IFR/IFD regulation classifies investment firms into three categories. Class 1 bis, which groups systemic firms or those with assets exceeding €30 billion, is subject to enhanced supervision, not reduced requirements. Reduced requirements apply to Class 3.