Autorité des Marchés Financiers (Canada)
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| Autorité des marchés financiers | |
| |
| Founded | 2004 |
|---|---|
| Headquarters | Québec & Montréal, Canada |
| Key People | Jean St-Gelais, president and CEO; Pierre Bernier, EVP |
| Employees | 600 |
| Products | Regulator |
| Web site | http://www.lautorite.qc.ca/index.en.html |
The Autorité des marchés financiers (AMF) is the body mandated by the government of Québec to regulate the province's financial markets and provide assistance to consumers of financial products and services.
Established under An Act respecting the Autorité des marchés financiers on February 1, 2004, the AMF is unique by virtue of its integrated regulation of the Québec financial sector, notably in the areas of insurance, securities, deposit institutions (other than banks) and the distribution of financial products and services.
In addition to the powers and responsibilities conferred on it by its incorporating legislation, the AMF oversees the enforcement of laws in each of the areas it regulates. It can also draw on self-regulatory organizations (SROs), to which certain regulatory powers are delegated.
The AMF is financially self-sufficient through the fees and dues paid by the persons and firms governed by the legislation it is charged with enforcing.
The AMF is headed by a President and Chief Executive Officer appointed by the government. In applying its governance rules, the AMF is supported by an Internal Auditor as well as an Advisory Board.
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History
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Products and Services
The AMF regulates financial markets, including securities and derivatives markets. The Quebec Securities Act and the Autorité des marchés financiers Act are the primary pieces of legislation for derivatives oversight, pending the adoption of the Derivatives Act which was tabled in the Quebec National Assembly on 9th April, 2008.
Key People
References
