P&I: Natixis Asset Management fined €3 million by AMF for seclending breaches

Natixis Investment Managers International was fined €2 million ($2.5 million) for breaches relating to disclosure of profits from securities financing transactions and the management of conflicts of interest related to these transactions, a French regulatory authority said Sept. 26.

Natixis Asset Management Finance, depositary credit institution, which acted as intermediary in the transactions, was also fined €1 million, for failing to comply with the obligation to act honestly on behalf of Natixis’ investors, Autorite des Marches Financiers said.

The full article is available at https://www.pionline.com/regulation/natixis-units-fined-eu3-million-french-finance-regulator

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