Regulatory information



Set-up of controls

CPR AM has a three-tier set-up of controls:

First-level permanent controls are handled by operating staff and are integrated into all stages of the management process. 
Second-level permanent controls are handled by two CPR AM teams which are independent of the operating teams.

  • The Risk Control department, with five persons, reports to CPR AM Senior Management and to Amundi’s Chief Risk Officer. Its purpose is to monitor risks incurred in fund management (including approval and compliance with the methodological framework; production, monitoring and approval of indicators; compliance with constraints; and monitoring of the risk policy set by CPR AM), as well as measuring and controlling proprietary activity risks.
  • The Compliance and Internal Controls department focuses on controlling risks of breach in compliance and professional ethics rules, monitoring of the primacy of the client’s interests and compliance with market integrity. It handles three main missions: identifying and preventing risks, conducting the schedule of internal controls, and supervising responses to anomalies and incidents. The department head with regard to the French Financial Markets Authority (AMF) is the Chief Compliance and Internal Controls Officer.

Third-level periodic controls are handled by two entities:

  • Amundi Audit is in charge of assessing the quality of the second-level controls set up by Amundi’s various entities. It ensures that the various entities are dealing properly with audited activities, that they are complying with external and internal rules, that information is reliable and complete, and that risk-measuring systems are in place.
  • Crédit Agricole S.A. Inspection reports directly to Senior Management of Groupe Crédit Agricole. It is Senior Management’s guarantor of the efficiency of the company’s operations, effective control of risks, the proper conduct of its operations and their compliance.

Policies and regulation

CPR Asset Management is certified by the French Financial Markets Authority (AMF) under number GP 01-056

  

MiFID

The European Markets in Financial Instruments Directive (MiFID) entered into force on 1 November 2007.

You will find below the main information on this directive.

  
ENFORCEMENT OF ESMA GUIDELINES

ESMA’s “Guidelines on ETFs and other UCITS issues” was released on 12 December 2012 entered into force on 18 February 2013.
You will find, attached, the policy applicable to UCITS subject to these Orientations in the field of financial guarantees.

  

SHAREHOLDERS RIGHTS DIRECTIVE 2

The European Shareholder Rights Directive 2 requires asset managers to disclose publicly their engagement and voting policy. For several years, CPR Asset Management has choose to share these policies on its website with its investors.

Engagement policy, applied to all of the companies in the Amundi group, including CPR Asset Management, is articulated around three main axes: engagement for influence, ongoing engagement and engagement through voting. It is an essential part of Amundi’s fiduciary duty and its role as responsible investor.

The monitoring of the investee companies is organized as follows, depending on the management platform concerned:

  • For active management strategy: investment cases are discussed and documented by the equity research analysts. Buy rated stocks are followed based on frequent research updates. The investment case is based on the Research team company report, supported by Valuation & Model updates when required. Feedback of meetings with the Company, as other engagement actions by the Research team, are documented diligently
  • For passive management strategy: monitoring is mainly done through the engagement and the voting at general meetings.
  • For Private Equity: for investments in companies not listed on a regulated market, the managers in charge of the participation on behalf of the portfolios, actively monitor the investee companies and usually attend general assemblies. These votes are confidential and therefore cannot be publicly reported.

Information relating to the European Shareholder Rights Directive 2 is presented in the documents below and in the dedicated section "Voting policy".

You may view here:

 

VOTING POLICY

In the area of corporate governance CPR Asset Management has provided itself with a “  Voting Policy  ”.

You may view here:

  

POLICY FOR MANAGING CLAIMS AND COMPLAINTS

You will find a link to our “  Policy for managing claims and complaints  ” document

  

CODE OF CONDUCT

Code of conduct Amundi Group

  

REMUNERATION POLICY

Remuneration Amundi Group

  

GIPS CERTIFICATION

CPR Asset Management prides itself on having complied with GIPS performance presentation standards since 31 December 2002 for a performance track-record dating back to 1 January 1990. Theses checks have been undertaken by an independent firm and cover the entire company and its composites.

  

COMPLIANCE

  • AFG

As an active member of the French Financial Management Association (AFG) through its participation in various working groups, CPR AM endeavours to comply with various provisions and recommendations of AFG’s code of compliance.

  • EMPLOYEE COMPLIANCE

All compliance requirements are given to all employees. They list their obligations in terms of regulatory knowledge, declaration of their securities accounts and personal transactions, the holding of corporate directorships, and the receiving of gifts and benefits, if any.

  

FINANCIAL SECURITY AND ANTI-MONEY LAUNDERING

CPR AM’s prevention set-up is based on:

  • An anti-money laundering correspondent: the Chief Compliance and Internal Controls Officer;
  • An anti-money-laundering handbook, including laws and rules on third-party asset management applicable to Amundi group;
  • Vetting by the Compliance and Internal Controls department of any contract committing the company;
  • Employee training/awareness initiatives.

Shareholder notices

Fund concerned Publication date
LAP CPR Ambition France 16062021.pdf 14/06/2021
LAP CPR 7-10 Euro SR - FR 09062021 .pdf 09/06/2021
LAP CPR CASH_EF 08 06 2021_FR.pdf 08/06/2021
LAP CPR CASH_EF 08 06 2021_FR.pdf 08/06/2021
LAP_CPR Middle Cap France _28 06 2021 03/06/2021
2021 06 01 info site Part Assurantielles CPR ES.pdf 28/05/2021
Lettre aux porteurs - Objectif Long Terme 23042021 06/05/2021
Lettre aux porteurs - CPR Reflex Stratédis 0-100 23042021 06/05/2021
LAP CPR OBLIG 12 MOIS 270421 27/04/2021
Info Site CPR Invest - FR 22/04/2021
Lettre aux porteurs CPR Oblig 6 mois_FR 010421 01/04/2021
Info Porteurs CPR Japan ESG 29032021 29/03/2021
info porteur cpr es croissance 01 04 2021 25/03/2021
LAP Silver Actions Monde_Diffusion EF 01 03 2021_FRA_FR.pdf 05/03/2021
LAP CPR Euroland Premium_Diffusion EF 01 03 2021_FRA_FR.pdf 05/03/2021
LAP CPR Actions Euro Restructurations_Diffusion EF 01 03 2021_FRA_FR.pdf 05/03/2021
Infosite CPR FOCUS INLATION US FR 050321.pdf 05/03/2021
Info Site CPR Silver Age - FR 050321.pdf 05/03/2021
Info Site CPR Global Silver Age FR 050321.pdf 05/03/2021
Info Site CPR ES FOOD FOR GENERATIONS FR 050321.pdf 05/03/2021
Info site CPR ES Audace 050321.pdf 05/03/2021
Info Site CPR Croissance Reactive FR 050321.pdf 05/03/2021
Info Site CPR Croissance Dynamique 050321.pdf 05/03/2021
Info Site CPR Croissance Defensive FR 050321.pdf 05/03/2021
Info Porteurs LCL Fututre Cities.pdf 05/03/2021
Info Porteurs CPR USA ESG.pdf 05/03/2021
Info Porteurs CPR Middle Cap France.pdf 05/03/2021
Info Porteurs CPR Monétaire ISR.pdf 05/03/2021
Info Porteurs CPR Japan ESG.pdf 05/03/2021
Info Porteurs CPR Europe ESG.pdf 05/03/2021
Info Porteurs CPR Euroland ESG_FR.pdf 05/03/2021
Info Porteurs CPR CPR Mezzo.pdf 05/03/2021
Info Porteurs CPR Convex ESG.pdf 05/03/2021
Info Porteurs CPR Actions France ESG.pdf 05/03/2021
Info Porteurs Carac Actions Internationals ISR.pdf 05/03/2021
Info Porteurs Carac Actions Euro 050321.pdf 05/03/2021
LAP CPR EURO HIGH DIVIDEND_Diffusion EF 01 03 2021_FRA_FR.pdf 05/03/2021
CPR ES DISRUPTION LAP 01 03 2021 05/03/2021
2021 03 10 info site modalités souscriptions-rachats FRA_FR 04/03/2021
2021 03 10 Info site Régime fiscal et Soucriptions-rachats FRA_FR 04/03/2021
2021 03 10 info site SFDR OPC FR_F_FR.pdf 03/03/2021
2021 03 10 info site cat 1 AMF ESG-F_FR.pdf 03/03/2021
2021 03 10 info site QA ESMA - F-FR.pdf 03/03/2021
LAP OPC FR BtB Diffusion EF 04 03 2021_FRA_FR.pdf 01/03/2021
Info Site CPR Invest - OPC PEA LUX 26.02.2021 - FR 22/02/2021
Info Site CPR AM - OPC PEA FR 26.02.2021 - FR 22/02/2021
CPR Invest - Depôt 3 2020 - Notice to Shareholders clean - 03.02.2021 - FR.pdf 10/02/2021
CPR Invest - Avis aux actionnaires - erratum - 10 02 2021 - FR.pdf 10/02/2021
Info site France 02/02/2021
Info site Suisse 02/02/2021
INFO PORTEURS CPR Croissance Réactive FR 01/02/2021
INFO PORTEURS CPR Croissance Dynamique FR 01/02/2021
INFO PORTEURS CPR Croissance Défensive FR 01/02/2021
Info Site CPR LCL Compensation Carbon Multi Stratégies - FR 27/01/2021
Info Site CPR LCL Compensation Carbon Actions Monde - FR 27/01/2021
2021 01 13 info site QA ESMA CPR Global Silver Age et LCL Future Cities 07/01/2021
Info porteurs PLACRA R 28/12/2020
Info porteurs CPR Global Silver Age 28/12/2020
Info porteurs CPR ES Audace 28/12/2020
Lettre aux porteurs CPR CASH_FR_EF 23 12 2020 24/12/2020
2020 12 24 info site BMR CPR Stratédis 18/12/2020
2020 12 24 info site CPRMONETAIRE ESG 16/12/2020
Info Site CPR Silver Age - FR.pdf 14/12/2020
Info Site CPR Consommateur Actionnaire - FR 14/12/2020
Info Site CPR Europe ESG - FR 14/12/2020
France_FR_CPR Invest Silver Age- Notice 18 12 2020.pdf 10/12/2020
France_FR_CPR Invest - Notice ESMA 18 12 2020.pdf 10/12/2020
2020 12 09 info site BMR QA ESMA FIA CPR ES 09/12/2020
2020 12 10 info site BMR QA ESMA FIA CPR ES Croissance 09/12/2020
2020 12 09 info site BMR QA ESMA FIA 02/12/2020
Info Site CPR Invest - Global Resources - FR.pdf 23/11/2020
Info Site CPR Invest - Global Lifestyles - FR.pdf 23/11/2020
Info Site CPR Invest - Global Gold Mines Octobre 2020 - FR.pdf 23/11/2020
Social Impact présentation 10/11/2020
info site cpr stratédis 04/11/2020
CPR AM My Thematic Partner EN 26/10/2020
CPR AM My Thematic Partner FR 26/10/2020
Info Site CPR USA ESG.pdf 13/10/2020
Info Site CPR ES FOOD FOR GENERATIONS.pdf 13/10/2020
Info Site CPR Global Silver Age.pdf 13/10/2020
Info Site CPR Euroland Premium.pdf 13/10/2020
Info Site CPR Silver Age.pdf 13/10/2020
Info porteurs LCL Compensation Carbone MS.pdf 13/10/2020
Info Site CPR ES ACTION CLIMAT.pdf 13/10/2020
Info porteurs LCL Future Cities.pdf 13/10/2020
Info porteurs FDC Premium.pdf 13/10/2020
Info porteurs LCL Compensation Carbone AM.pdf 13/10/2020
Info porteurs CPR EuroGov LCR.pdf 13/10/2020
Info porteurs CPR Consommateur Actionnaire.pdf 13/10/2020
Info Site CPR Invest - Smart Beta Credit ESG 24 09 2020 - FR.pdf 12/10/2020
Info Site CPR Invest - Silver Age 24 09 2020 FR.pdf 12/10/2020
Info Site CPR Invest - Megatrends 24 09 2020 FR.pdf 12/10/2020
Info Site CPR Invest - Global Silver Age 24 09 2020 FR.pdf 12/10/2020
Info Site CPR Invest - Future Cities 24 09 2020 - Fr bis.pdf 12/10/2020
Info Site CPR Invest - Food For Generations 24 09 2020 - FR bis.pdf 12/10/2020
Info Site CPR Invest - Education 24 09 2020 - FR bis.pdf 12/10/2020
Info Site CPR Invest - Climate Action 24 09 2020 - FR.pdf 12/10/2020
FR_CPR Brochure Thématique_Juin2020_final 10/09/2020
Info Site CPR Focus Inflation France et Lux 11/08/2020
Info Site CPR Credixx invest Grade revue FR 11/08/2020