The Autorité des marchés financier (the “AMF”) has updated several instructions in December, including modifications on the following provisions of its doctrine, including among others:

  • The possibility for a Management Company to resume publishing semi-annual reports for UCITS and FIVG (before this update, as long as a management company had decided to publish a quarterly reports, it was unable to modify its position): see articles 32 of AMF Instructions n° 2011-19 and 2011-20.
  • Modification of the information relating to investment in other funds quotas for UCITS and FIVG (three quotas to report in the prospectus over than five quotas before): see articles 31-3 of AMF Instructions ° 2011-19 and 2011-20.