Two CIC funds will go to a hearing before the sanctions commission of the Financial Markets Authority (AMF) on Friday, according to a notice posted Thursday on the premises of the stock market policeman.
A session, scheduled for the morning, will focus on Crdit Industriel et Commercial, the fund in le-de-France, while the second in the afternoon will focus on CIC Sud Ouest.
The two regional banks are criticized for not having complied with the application of the European MiFID 2 regulation, in particular with regard to financial advice.
The CIC intends to contest all grievances that are not identical to the two funds, he told AFP, assuring that no gain or advantage of these situations has been withdrawn and that no customer had been ls頻.
These are mainly technical reproaches on the adequacy and formalization of the advice given to clients, according to their lawyer Martine Samuelian.
Financial advice represents 0.55% and 0.40% of the client portfolio of Crdit Industriel et Commercial and CIC Sud Ouest respectively.