By Charlotte GAUCHON
18 June 2025
Atypical investments - wine, works of art, diamonds, containers, manuscripts - attract investors seduced by the promise of high returns. This opaque world is governed by strict regulations, overseen by the Autorité des marchés financiers (AMF), designed to protect investors. Intermediaries in various goods (IBD), financial investment advisers (CIF), normal or light regime: this article provides an overview of the applicable legal framework. Our firm advises on financing and credit law to ensure the security of these transactions. What is a «miscellaneous asset»? A deliberately broad definition The Monetary and Financial Code does not list the assets concerned. Article L. 551-1 adopts a functional approach: it is not the nature of the asset that triggers regulation, but the way in which the investment is structured and offered to the public. A «miscellaneous asset» may be movable or immovable property, tangible (a...
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