Autorite des Marches Financiers (France)
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| Autorite des Marches Financiers | |
| |
| Founded | 2003 |
|---|---|
| Headquarters | Paris, France |
| Key People | Michel Prada, President |
| Web site | http://www.amf-france.org/ |
The Autorite de Marches Financiers (AMF) [1] is an independent public body responsible for regulating and supervising France's financial markets.
Organization and Purpose
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AMF is responsible for regulating, issuing authorisations, supervising and monitoring markets and punishing regulatory infringements. The AMF's General Regulation is approved by the French Finance Minister. Operations are overseen by a board, an Enforcement Committee and several specialized and consultative commissions.
History
The Autorité des Marchés Financiers (AMF), [2] established by the Financial Security Act of 1 August 2003, was formed from the merger of the Commission des Opérations de Bourse (COB), the Conseil des Marchés Financiers (CMF) and the Conseil de Discipline de la Gestion Financière (CDGF).
The objective in amalgamating these bodies was to improve the efficiency of France’s financial regulatory system and give it greater visibility.
As financial markets become increasing integrated, the AMF lends its support to worldwide and European regulation by participating in international bodies and cooperating with regulators in other countries. For example, AMF is a member of the Committee of European Securities Regulators. AMF Chairman Michel Prada represents the organization on this Committee.
References
- ↑ What We Do. Autorite des Marches Financeirs. Retrieved on January 16, 2008.
- ↑ 2007 Facts and Figures. Autorite des Marches Financiers. Retrieved on Janaury 16, 2008.
