Autorité des marchés financiers AMF
Who they are
The Autorité des marchés financiers (AMF) is an independent regulatory body that is tasked with the regulation of financial markets, protection of investments, and orderly conduct of financial systems. In one case, depending on jurisdiction, AMF denotes the financial market regulator of France that regulates corporate finance, public offerings, and financial services in the whole of the French Republic, while in the other case, AMF denotes the integrated financial regulatory authority of Quebec, Canada, which is unique in regulating securities, derivatives, deposit insurance, and the distribution of financial products.
What they do
Protection of investors and ensuring market stability are some of the roles played by the Autorité des marchés financiers (AMF), whereby they help to set industry standards, ensure compliance, and monitor market transactions. The AMF in both France and Quebec licenses financial practitioners, evaluates the disclosures made by public companies, and monitors market transactions in order to detect any insider trading and market manipulation. They have wide-ranging enforcement powers, which allow them to undertake formal investigations, freeze suspicious assets, impose multi-million dollar fines, and even strip off the corporation's operating licenses. Moreover, they assist consumers by publishing a list of fraudulent websites and resolving disputes between investors.
Key instruments issued
- Regulation AMF General Regulation 2004
Latest news
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Related regulators
Others in France supervising overlapping sectors.