France forces full disclosure

French regulator Autorite des Marches Financiers is insisting that structured product providers up the disclosure relating to advertising material if they want their products to be eligible for retail distribution in France. The requirement is yet another thing that flies in the face of a single EU market for structured products

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France's structured products market is one of the most lucrative in Europe, having raised in excess of EUR12 billion last year alone, according to an official at the French financial regulator, Autorite des Marches Financiers (AMF). However, the increased "retailisation" of the structured products market has been causing concern about the ways in which products are distributed and commercialised, says Hubert Reynier, managing director and head of regulation and international affairs division at

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