Autorité des Marchés Financiers (France)
|Autorite des Marches Financiers|
|Key People||Robert Ophèle, Chairman|
The Autorité de Marchés Financiers (AMF) is an independent public body responsible for regulating and supervising France's financial markets. It also ensures that investors receive material information, and provides a mediation service to assist them in disputes.
The authority is also responsible for ensuring the quality of information provided by management companies on their strategy regarding climate change.
Organization and Purpose
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.
The Autorité des Marchés Financiers (AMF), 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.
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 Robert Ophèle represents the organization on this Committee.