Behind the Uzès Gestion Case, the Delicate Question of De Facto Management, L’Agefi

L’Agefi quoted partner Hugues Bouchetemble in an article examining the Autorité des marchés financiers (AMF’s) enforcement action against Uzès Gestion and the broader implications of the regulator’s efforts to establish the concept of “de facto management” within the asset management industry.

The article explores how the case could affect governance expectations for asset managers, particularly as regulatory requirements for effective management continue to evolve. Hugues discussed the importance of the AMF’s approval process for management company leadership and the regulator’s focus on ensuring that the individuals approved to lead a management company are the ones exercising effective control over its operations.

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