Legal & Regulatory News

France: AMF publishes policy on information to be provided by collective investment schemes incorporating non-financial approaches (e.g. ESG)

11 March 2020

The Autorité des marchés financiers (AMF) has published a first stage policy aimed at enhancing investor protection in relation to investments that focus on non-financial criteria.

Recognising that there has been sharp growth in funds that integrate environmental, social and governance criteria, the policy provides that funds that wish to emphasise the consideration of non-financial criteria as a central component of their communication or that include it in the fund’s name will have to comply with the minimum standards set out in the policy and have an approach based on a significant engagement. The policy includes a requirement for any such funds to set out measurable objectives for their consideration of non-financial criteria in regulatory documents, such as their prospectus.


Click here to access press release in English.

Click here to access press release in French.