France’s financial regulator, the Autorité des Marchés Financiers (AMF), has moved to clarify regulations about the use of social media by asset managers, corporates and their agents in relation to bond issues.
Among other topics in a public consultation, the AMF is addressing recommendations on social media for investing in debt securities that do not identify the commercial nature of the recommendation.
The AMF says it is not looking to create a new framework for rules, but to clarify procedures for the existing rules.
The rules apply to the communication of promotional literature, archiving policy, treatment of third-party publications, opinion-posting and the internal organisation of participants.
AMF published a recommendation for listed companies in December 2014.
“With social media playing an ever greater role in communications, the Autorité des Marchés Financiers wants to help asset management companies and issuers of debt securities hone their use of social media,” the AMF says.
The public consultation runs until November 13.
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