Print from the website of the AMF
Published on July 16, 2013
The Autorité des Marchés Financiers (AMF) regulates participants and products in France’s financial markets. It regulates, authorises, monitors, and, where necessary conducts investigations and issues sanctions. In addition, it ensures that investors receive material information, and provides a mediation service to assist them in disputes.
The AMF is an independent public body with a remit to:
The AMF regulates participants and products on French financial markets, including:
To fulfil its remit, the AMF:
Improving investor protection through a Joint Unit In view of the increasing overlap between different types of savings media (particularly life insurance and investment funds) and the emergence of market participants capable of distributing a comprehensive range of insurance and banking products, the AMF and the Autorité de Contrôle Prudentiel (ACP) set up a Joint Unit in 2010. This close collaboration allows the two authorities to enhance oversight of financial product marketing in France to improve investor protection.
The AMF was established by France’s legislature in 2003. It has a Board headed by the AMF Chairman, and an Enforcement Committee empowered to impose disciplinary sanctions and fines. The AMF has a staff of around 450 and is financially independent thanks to the levies and contributions paid by the firms under its supervision.
The AMF coordinates its activities with other French regulators, especially in the banking and insurance sectors, and cooperates actively with its European and international counterparts. It consults regularly with professionals, investors and academics in an effort to take financial regulation forward.