AMF Compliance, Automated.

France is Europe's second-largest fund market by assets and a critical jurisdiction for any AIFM operating cross-border. The Autorité des marchés financiers (AMF) oversees more than 700 authorized management companies and thousands of AIFs — and its regulatory expectations are intensifying with the transposition of AIFMD II.

For fund managers filing Annex IV reports with the AMF, the process involves navigating France's GECO platform, adhering to AMF-specific data requirements, and aligning with the French implementation of European standards. Caelith is building an Annex IV filing automation to handle this end-to-end.

The French Regulatory Landscape

The AMF has been one of the more proactive European regulators in implementing AIFMD requirements. France transposed the original AIFMD through amendments to the Code monétaire et financier (CMF) and the Règlement général de l'AMF. The AIFMD II transposition is expected to follow a similar path, with additional attention to:

• Delegation oversight — the AMF has historically taken a stricter view on delegation arrangements than some other NCAs, requiring detailed documentation and regular review
• Loan origination rules — France already had a framework for loan funds (fonds de prêts à l'économie), and AIFMD II's harmonized rules will need to be reconciled with existing French requirements
• Liquidity management tools (LMTs) — the AMF was an early advocate for mandatory LMT provisions, and the French market has experience with gates and side pockets that will inform AIFMD II implementation
• Investor reporting — enhanced disclosure requirements under AIFMD II align with AMF's existing push for greater transparency in fees, costs, and performance reporting

What the AMF Annex IV Filing Automation Will Do

Caelith's AMF Annex IV Filing Automation is being designed with the same architecture as our production BaFin and CSSF Annex IV filing automations — automated workflows on behalf of the AIFM, with full audit trails and AIFM-controlled approval gates. The France-specific capabilities will include:

• GECO platform integration — direct interaction with the AMF's filing system for Annex IV submissions
• CMF-compliant mapping — data field mapping that accounts for French transposition specifics, not just the ESMA baseline
• FIA/FPCI/OPCI support — template awareness for France-specific fund structures including professional funds (fonds professionnels) and real estate vehicles
• Cross-NCA coordination — for managers filing with both AMF and other NCAs (e.g., BaFin or CSSF), the agent coordinates data consistency across submissions
• French-language audit trail — documentation and logs in French for AMF examination readiness

AIFMD II in France: What's Changing

The French transposition of AIFMD II is expected to bring several material changes for fund managers operating in France:

• Expanded Annex IV reporting — new data fields for delegation arrangements, loan origination activities, and liquidity management tools, consistent with ESMA's revised reporting templates
• Stricter delegation rules — enhanced substance requirements for French-authorized AIFMs delegating portfolio management to non-EU entities
• Loan origination harmonization — alignment of France's existing fonds de prêts framework with the new EU-wide loan origination rules, including leverage limits and risk retention requirements
• Depositary passport considerations — while AIFMD II does not introduce a full depositary passport, it expands cross-border depositary provisions that will affect French-domiciled funds

The AMF is expected to publish detailed guidance in the coming months. Caelith's agent will be updated to reflect final French transposition requirements as they are confirmed.

Why Join the Waitlist

Early waitlist members will receive:

• Priority access when the AMF Annex IV Filing Automation launches (planned Q3 2026)
• Input into agent design — help shape the features that matter most for French filing workflows
• Early-bird pricing locked in at launch rates
• Regular updates on French AIFMD II transposition developments

In the meantime, explore our live agents for BaFin (Germany) and CSSF (Luxembourg), or browse the complete guide to AIFMD compliance software.