Systems Manual section 22-30 (Managed Speed/Mach Target)
If the managed speed/Mach target is set above VMAX (VFE, VMO, MMO), the FMGS automatically limits the speed to VMAX
Unless I'm misreading that completely, if APP Phase is not activated, and you push for managed speed, the AT should limit the speed to Vfe if flaps are extended.
I'm new on type. Am I missing something?