Association Française de la Gestion Financière - AFG
AFG, the French Asset Management Association (Association Française de la Gestion financière) is the professional body representing the asset management industry. AFG’s members are French asset managers: either boutique entrepreneurial houses
or subsidiaries of banking, insurance or money management groups. In 2009 the AFG added the category of “correspondent member”, which comprises lawyers, consultancies, IT service providers, data vendors and branches of foreign management
companies that are part of the French investment management ecosystem.
The French asset management sector is the largest in continental Europe. French asset managers manage in France assets worth € 4,000 billion, therefore a quarter of the management market of con- tinental Europe. Employing over 85,000 people
− including 26,000 directly in asset management companies − the industry plays a key role in the financing of the real economy.
633 asset management companies operate in France, including 200 set up over the last 5 years. Over 450 of them are entrepreneurial, while 4 French groups rank among the global top 25. The French asset management ranks first in continental
Europe in term of financial management.
Association Française de la Gestion Financière (AFG) represents the France-based investment management industry, both for collective and discretionary individual portfolio managements.
AFG participates to the promotion of a sound legal, regulatory and tax environment for the asset management industry, at national, European and international level.
- At national level, AFG actively contributes to the modernisation of the regulation. It also plays an important role in the definition of the ethical rules of management by drafting codes that apply to the whole profession.
- AFG is actively involved in the implementation of the European regulatory framework: our main goal is the achievement of a true Single Market for the asset management industry.
- At international level, AFG participates in building global asset management industry positions.
Our members include 420 asset / fund management companies. They are entrepreneurial boutiques or belong to French or foreign banking or insurance or asset management groups. They manage 2,600 billion euros, making in particular the French
industry the leader in Europe in terms of financial management location for collective investments (with over 1,300 billion euros managed from France, i.e. 20% of all EU assets managed in the form of investment funds), wherever the funds
are domiciled in the EU, and second at worldwide level after the US. In the field of collective investment, our industry includes - beside UCITS - employee savings schemes and products such as regulated hedge funds/funds of hedge funds,
private equity funds, real estate funds and socially responsible investment. AFG is of course an active member of the European Fund and Investment Management Association (EFAMA), of the European Federation for Retirement Provision (EFRP)
and of the International Investment Funds Association (IIFA).
In addition to its role as promoter of an efficient environment for the management of the investments of the clients of its members, AFG is the representative of the industry in the regulatory setting process and provides its members with
a wide range of services relating to regulatory affairs, tax matters, guidance on corporate governance, technical issues, statistics and economics, communication, training, etc.
41 rue de la Bienfaisance F – 75008
+ 33 1 4494 9400
Rue de Trèves 45 – B
+32 (0)2 486 02 90
Main sources of regulatory information in our jurisdiction (IN ENGLISH)
Code monétaire et financier : MONETARY AND FINANCIAL CODE
BOOK III : Services (Art. L311-1 to L353-6)
BOOK V : Service Providers (Art. L511-1 to L500-1)
Available in English on LEGIFRANCE website.
Règlement general de l'AMF : AMF GENERAL REGULATION
In particular BOOK III Service providers, Book IV - Collective investment products (different files with the whole document or a file for each book with the date of the last update)
Available in English on the AMF website .