Wine, forests, photovoltaic panels, works of art or diamonds: intermediation in miscellaneous assets may cover several sectors. Since July 2017, the French regulator Autorité des Marchés Financiers (AMF) has been providing a list of unauthorized diamond investments platforms: this list is now including other miscellaneous assets proposals.
Law No. 2016-1691 of 9 December 2016 on transparency, the fight against corruption and the modernisation of economic life (the “Sapin II” law) introduces a change in the system of intermediation in miscellaneous assets.
The investment proposals highlighting the possibility of a financial returns or a similar economic effect involve intermediation in miscellaneous assets and are now subject to ex ante control by the AMF. Consequently, no offer can be directly marketed in France on without prior allocation by the AMF of a registration number.
Despite the warning of the AMF regarding this new regulation, these companies keep advertising and/or marketing the French public:
- https://www.lacavepatrimoniale.com/
- https://www.cavacave.com/
- http://balsamicopremium.com/
- http://acciplus.fr/
- http://investirdans-le-vin.com/
- https://www.invest-wine.fr/
These websites may change very quickly and this list is not intended to be exhaustive.
The official warning can be seen here.