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

  

ANTI BRIBERY AND CORRUPTION POLICY STATEMENT 

Anti Bribery and corruption policy statement 

  

REMUNERATION POLICY

Remuneration Amundi Group

SFDR

Sustainable Finance Disclosure Regulation Statement

  

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
France_CPR Invest - Notice to ShareHolders - Food For Generations (FRA_FRA).pdf 06/12/2022
Info site des enregistrement France - CPR Invest - Euro High Dividend_.pdf 05/12/2022
Info Site CPR ES FOOD FOR GENERATIONS - FR_FR.pdf 28/11/2022
Info porteurs LCL COMPENSATION CARBON MULTI STRATEGIES_FR.pdf 20/09/2022
FR - CPR Invest - Notice to Shareholders - Project PR02 2022.pdf 08/08/2022
Info porteurs MAJ Carac Actions Internationales ISR_29 07 2022 en FR.pdf 25/07/2022
CPR Invest - Notice - CPR Euro High Dividend - FR_FR.pdf 25/07/2022
INFO PORTEURS CPR DISRUPTION_FR.pdf 11/07/2022
Info Site fonds nourriciers CSP_01 07 2022.pdf 01/07/2022
Info porteurs simplification wording CSP_01 07 2022.pdf 01/07/2022
FR_CPR Invest - Notice - Fermeture classes non investies 02.06.2022(37073274.2) version finale vclean.pdf 20/06/2022
Info porteurs_CPR Convex ESG.pdf 01/06/2022
Info porteurs MAJ CACEIS - CPR STRATEDIS_01 06 2022_FR.pdf 01/06/2022
Lettre aux porteurs_CPR MEZZO.pdf 19/05/2022
Lettre aux porteurs_CPR USA ESG.pdf 19/05/2022
Lettre aux porteurs_CPR JAPAN.pdf 19/05/2022
Lettre aux porteurs_CPR Euro Gov ISR.pdf 19/05/2022
Lettre aux porteurs_CPR Croissance Réactive.pdf 19/05/2022
Lettre aux porteurs_CPR Focus Inflation.pdf 19/05/2022
Lettre aux porteurs_CPR VIVALTO.pdf 19/05/2022
Lettre aux porteurs_LCL COMPENSATION CARBONE ACTIONS EURO.pdf 19/05/2022
Lettre aux porteurs_CPR Europe ESG.pdf 19/05/2022
Lettre aux porteurs_CPR SILVER AGE.pdf 19/05/2022
Lettre aux porteurs_LCL FUTURE CITIES.pdf 19/05/2022
Lettre aux porteurs_LCL COMPENSATION CARBONE MULTI STRATEGIES.pdf 19/05/2022
Lettre aux porteurs_CPR Croissance Dynamique.pdf 19/05/2022
Lettre aux porteurs_SILVER ACTIONS MONDE.pdf 19/05/2022
Lettre aux porteurs_CPR Actions Euro Restructurations.pdf 19/05/2022
Lettre aux porteurs_CPR Croissance Defensive.pdf 19/05/2022
Lettre aux porteurs_CPR Euroland ESG.pdf 19/05/2022
Lettre aux porteurs_CPR Global Silver Age.pdf 19/05/2022
Lettre aux porteurs_ LCL COMPENSATION CARBONE ACTIONS MONDE.pdf 19/05/2022
Lettre aux porteurs_CPR Euro High Dividend.pdf 19/05/2022
Info porteurs MAJ CACEIS_01 06 2022_FR.pdf 16/05/2022
Info porteurs MAJ FCPE_01 06 2022_FR.pdf 16/05/2022
CBDF Package -Summary of Investors' Rights.pdf 27/04/2022
LAP CPR FOCUS INFLATION US_FRA_FRA.pdf 26/04/2022
Info porteurs_29 04 2022_FR.pdf 25/04/2022
CPR Invest - Notice to Shareholders - Project PR01 2022 - FR - FR.pdf 22/04/2022
Info Site - CPR Consommateur Actionnaire -FR.pdf 28/03/2022
Info porteurs CPR Monétaire ISR_ESMA Perf fees_01 04 2022.pdf 23/03/2022
Info porteurs CPR ES FOOD FOR GENERATIONS 23032022.pdf 23/03/2022
Info porteurs CPR Oblig 6 Mois_ESMA Perf fees_01 04 2022 .pdf 23/03/2022
Info porteurs LCL Compensation_ESMA Perf fees_01 04 2022.pdf 23/03/2022
LAP CPR ES CROISSANCE_ envoyée aux porteurs le 01 03 2022.pdf 02/03/2022
LAP CPR Consommateur Actionnaire 010322- FR.pdf 28/02/2022
CPR Invest - Notice to Shareholders - Performance Fees - CPR INVEST DEFENSIVE - FR_FR.pdf 28/02/2022
Info Porteurs Taxonomy Tableau_FR.pdf 11/02/2022
Info Porteurs CPR Croissance Défensive_FR.pdf 11/02/2022
Info porteurs Fonds CAA_FDC_Taxo_Bascule SFDR_etc.pdf 11/02/2022
Info porteurs Fonds CAA_Prédiquant_Taxo_Bascule SFDR FRA FR.pdf 11/02/2022
Info porteurs CPR EUROLAND ESG FRA.pdf 11/02/2022
Info porteurs CPR Monétaire ISR.pdf 11/02/2022
INFO PORTEURS taxo tableau FRA FR.pdf 11/02/2022
Info porteurs CPR Credixx IG.pdf 11/02/2022
INFO PORTEURS CPR Japan_17 02 2022.pdf 11/02/2022
Info Porteurs CPR Focus Inflation US_FR.pdf 11/02/2022
Info Porteurs Taxonomy_FR.pdf 11/02/2022
Info Porteurs Amundi CPR Banca March Impact_FR .pdf 11/02/2022
Info Porteurs CPR Global Silver Age_FR.pdf 11/02/2022
Info Porteurs CPR Croissance Réactive_FR.pdf 11/02/2022
Info Actionnaires PLACRA R.pdf 11/02/2022
INFO PORTEURS CPR CASH DE.pdf 11/02/2022
INFO PORTEURS CPR Europe ESG_17 02 2022.pdf 11/02/2022
Info porteurs Taxo et split tableau dérivé.pdf 11/02/2022
Info porteurs CPR VIVALTO FRA_FR.pdf 11/02/2022
Info Porteurs CPR Focus Inflation_FR.pdf 11/02/2022
Info Porteurs CPR Silver Age _FR.pdf 11/02/2022
Info porteurs CPR Oblig 6 Mois.pdf 11/02/2022
Info porteursTaxo.pdf 11/02/2022
INFO PORTEURS CPR CASH FRA_FR.pdf 11/02/2022
Info Porteurs CPR Euroland Premium ESG_FR.pdf 11/02/2022
CPR ES CROISSANCE_INFO PORTEURS.pdf 10/02/2022
CPR STRATEDIS_INFO PORTEURS.pdf 10/02/2022
CPR EUROGOV LCR_INFO PORTEURS.pdf 10/02/2022
CPR ES FOOD FOR GENERATIONS_INFO PORTEURS.pdf 10/02/2022
CPR ES SOCIAL IMPACT_INFO PORTEURS.pdf 10/02/2022
CPR ES AUDACE_INFO PORTEURS.pdf 10/02/2022
CPR ES ACTION CLIMAT_INFO PORTEURS.pdf 10/02/2022
CPR ES DISRUPTION_INFO PORTEURS.pdf 10/02/2022
LAP CPR Mezzo - FR.pdf 03/02/2022
LAP CPR OBLIG 24 MOIS EF 14 12 2021_FR_FR.pdf 13/01/2022
Info Porteurs - LCL Compensation Carbone Multi Stratégies - FR.pdf 13/01/2022
Info Porteurs - LCL Compensation Carbone Actions Monde FR.pdf 13/01/2022
Info porteurs - CPR ES Action Climat - FR.pdf 13/01/2022
CPR Invest - Notice to Shareholders - PR02 2021 FR - FR 30 12 2021.pdf 30/12/2021
INFO PORTEURS CPR VIVALTO FR_FRA.pdf 29/12/2021
INFO PORTEURS CPR EURO GOV ISR.pdf 29/12/2021
INFO PORTEURS CPR FOCUS INFLATION FRA_FRA.pdf 29/12/2021
INFO PORTEURS CPR ACTIONS EURO RESTRUCTURATIONS.pdf 29/12/2021
INFO PORTEURS SILVER ACTIONS MONDE.pdf 29/12/2021
INFO PORTEURS CPR ACTIONS France ESG.pdf 29/12/2021
INFO PORTEURS CPR CASH FRA_FRA.pdf 29/12/2021
INFO PORTEURS CPR FOCUS INFLATION US FRA_FR.pdf 29/12/2021
INFO PORTEURS CPR EUROLAND ESG FR FRA.pdf 28/12/2021
INFO PORTEURS FDC A3.pdf 28/12/2021
INFO PORTEURS CPR AMBITION France FR_FRA.pdf 28/12/2021
INFO PORTEURS OBJECTIF LONG TERME.pdf 28/12/2021
CPR ES ACTION CLIMAT _ INFO PORTEURS.pdf 28/12/2021
INFO PORTEURS CARAC ACTIONS EURO.pdf 28/12/2021