Revised Transparency Directive: Reinforcement of regulation and worsening of AMF sanctions


The transposition of the revised Transparency Directive into French law was completed in December 2015. An initial set of provisions were approved in September, and the second raft of changes to the General Regulation of the Autorité des Marchés Financiers (AMF) was approved by ministerial order n°2015-1576 on 3 December 2015.