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

  

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
Info porteurs CPR Japan ESG 15 07 2020 08/07/2020
2020 07 01 info site BMR QA ESMA OPCVM 25/06/2020
Info site CPR GLOBAL RETURN BOND 23/06/2020
Info porteurs Carac Actions Euro 23/06/2020
Info porteurs CPR Monétaire SR_01 07 2020 22/06/2020
Info Actionnaires CPR Cash_FR_01 07 2020 22/06/2020
Info porteurs CPR MONE CARRY 16/06/2020
CPR invest - Notice to Shareholders - FR 18/05/2020
LAP CPR CREDIXX ACTIVE US HIGH YIELD_ EF 30 04 2020 04/05/2020
LAP CPR CREDIXX GLOBAL HIGH YIELD_ EF 30.040.2020 04/05/2020
Info porteurs LCL future cities part I et L EV 30 04 2020 28/04/2020
Info porteurs LCL part I_EV 30 04 2020 28/04/2020
Objectif LT - Info porteurs 22/04/2020
Placements Rationnels R - Info porteurs 22/04/2020
CPR ES Audace - info porteurs 22/04/2020
CPR ES Déf - info porteurs 22/04/2020
CPR Stratédis_info actionnaires_22 04 2020 22/04/2020
CPR Reflex Stratédis 0-100_Info porteurs_22 04 2020 17/04/2020
CPR ES Croissance_Info porteurs_22 04 2020 17/04/2020
CPR Croissance Défensive_Info porteurs_22 04 2020 17/04/2020
CPR Croissance Dynamique_Info porteurs_22 04 2020 17/04/2020
CPR Croissance Réactive_Info porteurs_22 04 2020 17/04/2020
INFO JUR CPR ES FOOD FOR GENERATIONS 17/04/2020
info site q&a esma 22 04 2020 17/04/2020
INFO JUR CPR Silver Age 17/04/2020
INFO JUR CPR GLOBAL SILVER AGE 17/04/2020
INFO JUR CPR Euro High Dividend 17/04/2020
INFO JUR CPR ES DISRUPTION 17/04/2020
Info porteurs CPR Consommateur Actionnaire 24/01/2020
Info Porteur CPR Croissance Dynamique 30/12/2019
Info porteurs Prédiquant A1 24/12/2019
Info porteurs Canal+B 24/12/2019
Info porteurs Objectif LT 24/12/2019
Info porteurs Canal+A 24/12/2019
info porteur cpr es croissance 20/12/2019
27.12.2019 – CPR CONVEX ESG - CREATION DE PART « PM » 20/12/2019
27.12.2019 – CPR EUROLAND ESG - CREATION DE PART « PM » 20/12/2019
27.12.2019 – CPR SILVER AGE - CREATION DE PART « PM » 20/12/2019
27.12.2019 – CPR USA ESG - CREATION DE PART « PM et H -PM EUR 20/12/2019
27.12.2019 – CPR FOCUS INFLATION - CREATION DE PART « PM » 17/12/2019
Info porteurs CPR Reflex Solidaire 13/12/2019
Info Porteur CPR Oblig 24 Mois 10/12/2019
02 12 2019_ INFO PORTEUR CPR FOCUS INFLATION clean 26/11/2019
02 12 2019_ INFO PORTEUR CPR FOCUS INFLATION US 26/11/2019
Info porteurs CPR Credixx Active US HY 18/11/2019
CPR Invest - Depôt 2 2019 - Notice to Shareholders - 24.10.2019 ESP 06/11/2019
CPR Invest - Depôt 2 2019 - Notice to Shareholders - 24.10.2019 31/10/2019
15 10 2019_ INFO PORTEUR fatca VF 09/10/2019
15 10 2019_ INFO PORTEUR tcn puttable callabledocx 09/10/2019
26.09.2019 – CPR Middle Cap France - CREATION DE PART « PERi » 30/09/2019
01102019 – CPR Japan ESG - Changement de Commissaire aux Comptes 30/09/2019
01102019 – CPR USA ESG - Changement de Commissaire aux Comptes 30/09/2019
04.10.2019 CPR Moné Carry - Info Porteurs 30/09/2019
Communication CPR AM EONIA_€STR 13.09.2019_FR 16/09/2019
13.09.2019 – Information relative au recalibrage EONIA - €STR 13/09/2019
26 08 2019 CPR Consommateur Actionnaire ajout des TRS et CFD dans la stratégie d'investissement_FR 26/08/2019
26 08 2019 – CPR Europe ESG_Ajout des TRS et CFD dans la stratégie d'investissement 26/08/2019
INFORMATIONS AUX ACTIONNAIRES_CPR Invest Reactive FR_01.08.2019 23/07/2019
INFORMATIONS AUX ACTIONNAIRES_CPR Invest Defensive FR_01.08.2019 23/07/2019
CPR Invest - Notice to Shareholders - FR_17.07.2019 23/07/2019
Information aux actionnaires CPR INVEST SILVER AGE FR 01-08-2019 23/07/2019
29.07.2019 – CPR GLOBAL SILVER AGE - CREATION DE PART « PM » 22/07/2019
INFO PORTEURS CPR 24-07-2019 Croissance Réactive 22/07/2019
INFO PORTEURS 24-07-2019 CPR Croissance Défensive 22/07/2019
Notice CPR Silver Age 01 08 2019_FR 22/07/2019
Information porteurs CPR Actions France ESG 05/07/2019
Informations aux porteurs - CPR Mone Carry 01/07/2019
Informations aux porteurs - CPR Monetaire SR 01/07/2019
INFO PORTEURS CALLABLES PUTTABLES 17/06/2019
15.05.2019 – CPR CROISSANCE DEFENSIVE - CREATION DE PART L 30/04/2019
15.05.2019 – CPR CROISSANCE DYNAMIQUE - CREATION DE PART L 30/04/2019
15.05.2019 – CPR CROISSANCE REACTIVE - CREATION DE PART L 30/04/2019
15.05.2019 – CPR GLOBAL SILVER AGE - CREATION DE PART L 30/04/2019
23.04.2019 – CPR ACTIONS France ESG CREATION DE DEUX PARTS « Z-C » et « Z-D » 02/04/2019
Info porteurs CPR Monétaire SR - changement de CaC au 01.04.2019 27/03/2019
Procuration AGO 2019 FR.pdf 26/03/2019
CPR Invest - Convocation - 2019 - FR.pdf 26/03/2019
Information porteurs CPR Japon.pdf 25/02/2019
Information porteurs CPR USA.pdf 25/02/2019
Information Actionnaires CPR Convexité.pdf 25/02/2019
Information porteurs CPR Actions France.pdf 25/02/2019
Information porteurs CPR Euroland.pdf 25/02/2019
Information porteurs CPR Europe.pdf 25/02/2019
Info aux porteurs CARAC Actions Euro.pdf 25/02/2019
Info aux porteurs CPR CONVEXITE 24/12/2018
Info aux porteurs CPR MONETAIRE SR 24/12/2018
Info aux porteurs CPR 7-10 EURO SR 24/12/2018
Info aux porteurs Mise à jour de la documentation juridique des OPCVM gérés par CPR AM 24/12/2018
Info aux porteurs - CPR Credixx Invest Grade 24/12/2018
Info porteurs CPR Actions France 24/12/2018
Info porteurs CPR Croissance Réactive 24/12/2018
Info porteurs CPR Croissance Dynamique 24/12/2018
Info porteurs CPR Croissance Défensive 24/12/2018
Info aux porteurs - CPR Credixx global high yield 24/12/2018
Lettre porteur CPR CASH 21/12/2018
CPR Invest - Notice to shareholders 6.11.18 - FR - FR.pdf 05/12/2018
CPR AM - Actifs - Fonds éducation - Guillaume Uettwiller - NOV 2018 12/11/2018
Information porteurs CPR Monétaire SR 05/11/2018
Info aux porteurs CPR EUROLAND vnm V2 31.10.2018.pdf 02/11/2018
Info aux porteurs CPR EUROPE vnm V2 31.10.18.pdf 02/11/2018