An increase in enforcement action by the French regulator
should prove helpful for firms operating in the country.
Faster and more frequent: That is what French fund managers can
expect in terms of enforcement from the country's financial
regulator the AMF going forward. At its annual forum for compliance
officers held in March this year, the regulator confirmed it would
aim to complete 60 inspections of firms in 2018 – double the
number of the previous year.
About half of these would be new "spot inspections" or
"contrôles courts", an abridged inspection process
that could in theory lead to rapid enforcement action if the
regulator feels sanctions are warranted. Counterintuitively, that
is good news for firms.
