France · EU/EEA regulator

AMF Autorité des marchés financiers

French markets regulator responsible for conduct rules. Investment-firm authorisations are recorded in the REGAFI register kept with the ACPR. France bans electronic advertising of most CFDs to retail clients.

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France's markets regulator

The Autorité des marchés financiers supervises financial markets, listed companies and the conduct of investment services providers. Prudential authorisation of banks and investment firms is handled by the ACPR; both use the REGAFI register.

A strict line on speculative products

France bans electronic advertising of highly speculative financial products such as CFDs and forex to retail clients, and the AMF regularly publishes blacklists of websites and firms offering forex, crypto-assets, precious metals and other investments without authorisation. The AMF was also an early mover on crypto, operating a registration regime for digital asset service providers (PSAN) before MiCA.

Complaints

The Médiateur de l'AMF offers free mediation for disputes between investors and financial firms.

Protection for clients of AMF-licensed firms

Investor compensation
Up to €70,000 for securities, plus up to €70,000 for related cash held at an investment firm
Scheme
FGDR – Garantie des titres
Bank deposits
€100,000 per person per bank (EU Deposit Guarantee Schemes Directive).
Out-of-court complaints
Médiateur de l'AMF

18 firms in our register with a AMF licence

Nalo

France Robo / funds Since 2016 EU/EEA licence
AMF
62