The ACPR and AMF Joint Unit publishes its analysis on the distribution, fees and performance of structured products

RegCanary interpretation

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The ACPR-AMF Joint Unit has released an analysis examining the distribution, fees, and performance of structured products, signaling regulators' heightened focus on value-for-money assessments and distribution practices. For financial services firms, this analysis provides early insight into potential supervisory expectations around product governance, fee transparency, and client outcomes. Compliance teams should review their structured product frameworks, assess whether fee structures are justified by performance, and ensure robust oversight of distribution channels. While this is not a new rule, it suggests future supervisory priorities. Firms should consider stress-testing their product governance arrangements and preparing for potential thematic reviews or enhanced reporting obligations. The analysis also highlights the importance of clear communication to clients regarding the complexity and risks of structured products. RegCanary recommends integrating these findings into ongoing compliance monitoring and engaging with distributors to ensure aligned incentives.

RegCanary impact assessment

RegCanary impact score: 7/10