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The AMF announces for 2026 the prohibition of turnover commissions on securities transactions that savers investors must pay.
Rubric headed by Laurence Allard
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It’s not for now but the decision is going in the right direction. From 1er January 2026, management companies will no longer be able to levy turnover commissions on securities purchase or sale transactions within their mutual funds, with the exception of those relating to real estate or unlisted assets. These commissions are now added to the entry fees and management fees that individuals must pay. The Ministry of Economy and Finance, at the request of the Financial Markets Authority (AMF), published a prohibition order on May 19. It anticipates the adoption of a bill tabled at the end of March by senators Jean-François Husson and Albéric de Montgolfier, respectively general rapporteur and vice…
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