April 28, 2020 / 12:22 PM / a month ago

French regulator AMF wants better disclosure as shareholder activism grows

PARIS (Reuters) - French financial markets regulator AMF wants to improve the flow of financial information as activist investor funds become more active on the Paris bourse.

The AMF said in a statement on Tuesday it wants to improve information regarding ‘short’ positions and will support such measures at a European level. It wants to be in a better position to be able to demand clarifications from investors or firms in any public declarations.

The regulator also wants to improve disclosure regarding increases in capital stakes by lowering the threshold at which a party is obliged to reveal its shareholding.

Reporting by Sudip Kar-Gupta and Geert De Clercq; Editing by Catherine Evans

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