Investment firm / broker-dealer · France

Conseiller en investissements financiers (CIF) / Financial investment adviser status (France)

The Conseiller en investissements financiers (CIF) / Financial investment adviser status is issued by Financial Markets Authority (AMF) under Directive 2014/65/EU on markets in financial instruments (MiFID II). It can be passported to the other EU/EEA states by notification. The official register lists 7013 current holders. Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator AMFMarkdown · Data (CC BY 4.0)
Conseiller en investissements financiers (CIF) / Financial investment adviser status: licenceIF

At a glance

Official nameConseiller en investissements financiers (CIF) / Financial investment adviser status1
Issued byFinancial Markets Authority
JurisdictionFrance
Licence familyInvestment firm / broker-dealer
Legal basisDirective 2014/65/EU on markets in financial instruments (MiFID II)2
Regulation (EU) No 600/2014 on markets in financial instruments (MiFIR)3
Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD)4
PassportingEU/EEA passport available
Annual feeEUR 450 annual contribution to the AMF (Article D. 621-27 II 11°), collected via the single register ORIAS5
Public registerofficial register1
Current holders70131

What it lets you do

  • Investment advice. Giving personal recommendations to a client about one or more transactions in financial instruments.

Where it is valid

France licence, passportable across the EU/EEAATBEBGHRCYCZDKEEFIFRDEGRHUIEITLVLTLUNLPLPTROSKSIESSEISNOMTLI
Issued in France (gold); can be passported to the other EU/EEA states (blue) by notification.

Cost

Cost components, upper bound total EUR 450Annual supervisory fee: EUR 450
Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model.

Buying a company that already holds it

Prior approval required. Acquiring or increasing a qualifying holding needs the AMF's prior approval. For portfolio management companies (SGP) the thresholds are 10%, 20%, 33.33% and 50% of capital or voting rights (Code monétaire et financier, Article L. 532-9-1). For crypto-asset service providers MiCA Articles 83 and 84 apply: the thresholds are 20%, 30% and 50%, and the AMF assesses the acquirer within 60 working days of a complete notification.6

Laws behind it

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

  1. amf-france.org: chiffres cles cif 2024 (PDF) · retrieved 2026-09-24
  2. eur-lex.europa.eu: HTML (32014L0065) · retrieved 2026-09-24
  3. eur-lex.europa.eu: HTML (32014R0600) · retrieved 2026-09-24
  4. eur-lex.europa.eu: HTML (32011L0061) · retrieved 2026-09-24
  5. amf-france.org: 2025 guide des contributions fr modifie coquille (PDF) · retrieved 2026-09-24
  6. eur-lex.europa.eu: TXT (32023R1114) · retrieved 2026-09-24

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