In addition to asset management companies, there is an entire community of professionals who contribute to the orderly operation of the asset management and fund administration process in France:

• Custodians, brokers and prime brokers, which are involved in the asset management process
• Custody account-keepers or liability managers and order centralisers (part of the collective investment scheme’s), along with transfer agents, who are involved in liability management.

Other participants include:

• Regulatory agencies, such as the AMF, European authorities and other French authorities (Tax Legislation Directorate, Tax Directorate General, Treasury and Economic Policy Directorate General, etc.)
• Supervisory authorities, such as the AMF, statutory auditors and custodians
• The industry association
• Distributors
• And market infrastructures.

Academics and researchers working on economics and finance, along with regulators and legal professionals, are also part of the asset management environment.