Infogreffe - Glossary
ven., 13 sept. 2013 12:17:00 +0200
At the start of 2013, the Financial Market Authority (AMF) published a recommendation on remunerations and investments received by investment service providers (PSI) and financial investment advisers (CIF) in the framework of selling financial instruments.
This recommendation deals with 3 issues.
Firstly, internal identification and classification procedures for remuneration, with the AMF not considering that accounting supervision and audits "solely aimed at ensuring the exhaustive perception of this remuneration" is sufficient. The PSI should also regularly evaluate the adequacy and effectiveness of its measures.
Secondly, the AMF has developed a supporting framework for management commissions. It wants the brackets provided to end clients to be "located within a reasonable interval, which does not exceed ten percent of commission".
Thirdly, and more widely, information pertaining to remuneration received by third parties should be provided in advance: "communication via operated notices or management reports is not sufficient".