French Monetary and Financial Code
In forceWhere a professional association representing the interests of one or more categories of persons falling within the remit of the Autorité de contrôle prudentiel et de résolution or who may be subject to its supervision draws up a code of conduct in respect of marketing and customer protection intended to specify the rules applicable to its members, the Autorité shall verify its compatibility with the laws and regulations applicable to them. The association may ask the Autorité to approve all or part of the codes of conduct it has drawn up in respect of marketing and customer protection. Publication of the AMF's approval of these codes makes them applicable to all members of the association under the conditions laid down in the codes or the approval decision.
The AMF may establish the existence of good professional practice or issue recommendations defining the rules of good professional practice with regard to marketing and customer protection.
The AMF may ask one or more professional associations representing the interests of one or more categories of persons falling within its remit or who may be subject to its supervision to make proposals on these matters.
The AMF shall publish a compendium of all codes of conduct, professional rules and other observed or recommended good practices with which it ensures compliance.
The Minister responsible for the economy may ask the Autorité de contrôle prudentiel et de résolution to verify compliance with the commitments made by one or more professional associations representing their interests under the measures proposed by the Comité consultatif du secteur financier. The results of this verification are set out in a report that the AMF submits to the Minister and the Financial Sector Consultative Committee. This report shall mention, commitment by commitment, the proportion of the professionals concerned who have complied with it.
