The Autorité des Marchés Financiers has updated its Instruction n° 2012-19 relating to the drafting of the programme of activities for a French management company or a self-managed funds. The purpose of this update is mainly to harmonize this Instruction with the implementation under French law of the AIFM Directive.

Read "Guide d’élaboration du programme d’activité des sociétés de gestion de portefeuille et des placements collectifs autogérés"