AFG

AFG welcomes the European Commission (EC)s objective to simplify the ESRS indicators. We would like to draw attention to the following points: Double materiality: As a European stakeholder, we reiterate the importance of preserving the principle of double materiality (DMA) within the ESRS framework, as maintained by the EC in the current review.

AFG welcomes the opportunity to submit feedback in relation to the European Commission’s initiative Sustainable Corporate Governance and the related study on directors’ duties. As a preamble, it seems essential to us to recall the long-term perspective of investors, which converges towards that of stakeholders.

French Asset Management Association (AFG) supports the efforts of European co-legislators towards financing a more sustainable economy and the review of the SFDR. The proposed revision is a first step in the right direction. It addresses a widely shared need in the industry: to simplify and clarify ESG product categories so that investors can finally make sense of them.

The AFG totally supports the efforts of European co-legislators towards financing a more sustainable economy. The SFDR framework has been in application for a few years now and our members already see a positive impact. Its implementation has however been raising numerous challenges and concerns among authorities, financial market participants and investors.

AFG decided very early on to fully support the development of responsible investment in France. French asset management companies are fully committed to this approach and are adapting their offering to the concerns of their institutional and private investors by proposing products that entail varying degrees and types of commitment – SRI funds, integration of ESG criteria, shareholder engagement, thematic investing…

AFG decided very early on to fully support the development of responsible investment in France. French asset management companies are fully committed to this approach and are adapting their offering to the concerns of their institutional and private investors by proposing products that entail varying degrees and types of commitment – SRI funds, integration of ESG criteria, shareholder engagement, thematic investing…

The French Asset Management Association (Association Française de la Gestion financière, AFG) is grateful for the opportunity to comment on the Commission’s proposal for a Regulation amending regulation (EU) 2016/20111 (hereinafter the ‘BMR’).

AFG decided very early on to fully support the development of responsible investment in France. French asset management companies are fully committed to this approach and are adapting their offering to the concerns of their institutional and private investors by proposing products that entail varying degrees and types of commitment – SRI funds, integration of ESG criteria, shareholder engagement, thematic investing…

AFG shares the objective of increasing citizens participation in capital markets, and extends a warm reception to the RIS provisions aiming at promoting financial literacy, which is an essential lever for directing retail investors savings toward long-term financing of the economy while ensuring their protection.

The French asset management association (AFG) welcomes the ECs call for evidence on citizens omnibus initiative and fully supports the objective of reducing administrative burdens and regulatory complexity in existing EU legislation, rules and processes affecting EU citizens, especially with respect to asset management products and services.

The French asset management association (AFG) welcomes the initiative of the Market Integration and Supervision Package aiming at promoting simplification, tackling barriers to cross-border activities and contributing to shape a more integrated European Union. AFG takes the opportunity to develop its views on the various topics developed in this initiative in the attached document. 1.

The French asset management association (AFG) welcomes the initiative of the Market Integration and Supervision Package aiming at promoting simplification, tackling barriers to cross-border activities and contributing to shape a more integrated European Union. AFG takes the opportunity to develop its views on the various topics developed in this initiative in the attached document. 1.

The French asset management association (AFG) welcomes the ECs call for evidence on capital markets integration and supports its objectives for a competitive asset management sector, a more efficient supervision and a more standardized trading and post-trading ecosystem. Please see below our proposals. 1.

AFG welcomes the proposal by the European Commission for a regulation on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities and the opportunity to provide feedback. Indeed, the planned introduction of regulatory standards for ESG rating agencies and their rating activities appears suitable in a context where increased ESG integration in investment activities, including on…

AFG welcomes and supports the FASTER proposal by the European Commission, which objective is to build a common European Union-wide system for refunding excess withholding taxes (WHT) that is safer and more efficient for investors.

The SRD II revision is an opportunity for a targeted simplification and competitiveness exercise: streamlining the rules so shareholders across Member States can exercise their rights more easily and for reducing cross border friction in the voting chain. We believe that this practical and deliverable work can make Europes capital markets more attractive and more integrated.

Filed in French · English published by the European Commission

AFG highly deserves the publication of the CSDR Refit proposal and more specifically the review of Article 7 provisions on settlement discipline regime which is the central point of attention for our members. The EC has clearly taken onboard a lot of the feedback from market participants buy-side introduced on the structural Flaws in the design of the mandated buy-in (MBI) regime and its potential for intended…

Filed in French · English published by the European Commission

ELTIFs are investment vehicles geared towards long-term financing of the European economy and offer the advantage of being able to invest, in particular, in the capital of unlisted companies (including SMEs), in private debt or in real assets requiring significant initial investment, such as infrastructure.

The European Commission’ proposal goes in the right direction but we encourage the Commission to go further and consider other pieces of improvements on topics such as: I.The bundling, especially on: • Bundling threshold • Funding • Methodology of the fixed income bundling II.The issuer-sponsored research III.The free trials I.

AFG welcomes the opportunity to submit comments to the European Commission on its draft implementing regulation concerning the formats for communicating information on beneficial owners under European Directive 2024/1640. Our attention is focused more specifically on two points: 1.

We highly welcome the Commissions EMIR 3.0 package proposal which aims to enhance the well-functioning of the central clearing framework and to reduce excessive exposure to substantially systemic clearing services of third country CCPs.