AMF – Autorité des Marchés Financiers

French Regulator Autorité des Marchés Financiers is responsible for overseeing Financial Markets operations in France. They are one of the pioneers of taking stance against unreliable Forex and Binary Options brokers in the EU.

DESCRIPTION

French Regulator Autorité des Marchés Financiers is responsible for overseeing Financial Markets operations in France. Also, known as the AMF, the regulator is responsible for ensuring stability in the French financial markets. Along with protecting the investor’s investments, which are entrusted with any of the investment services firms. Moreover, traders should not confuse the abbreviation of the French regulator with that of the Canadian Quebec AMF or the Dutch AFM.

In August 2003, the French government passed the Financial Security Act and founded the Autorité des Marchés Financiers. The Financial Security Act saw the necessity to form one regulatory that will supervise the financial markets. AMF was merged from the Commission des opérations de bourse (COB), the Conseil de discipline de la gestion financière (CDGF) and the Conseil des marchés financiers (CMF).

Autorité des Marchés Financiers tasks

All firms that offer the trading of financial instruments, falls under the French Regulator Autorité des Marchés Financiers supervision and have to register. As part of its strategic plan, the French Regulator Autorité des Marchés Financiers – AMF has prioritized its duties. Below is a short overview of the regulator’s main tasks:

  • Supervising the French financial markets and infrastructures;
  • Safeguarding investments in financial instruments and other investment vehicles;
  • Monitoring financial disclosures of listed entities;
  • Authorizing new market participants and investment products;
  • Informing investors and offering a mediation service;
  • Conducting inspections and investigations, which may lead to sanctions.

AMF’s organizational structure

The French Regulator Autorité des Marchés Financiers  consists out of two distinct regulatory bodies:

  • The Board
  • The Enforcement Committee

The Board is the AMF’s primary decision making arm and consist out of 16 members. It’s aim is to execute the judgement functions, such adopting new market regulations. Whereas, the Enforcement Committee consists out of 12 members. The Committee is in charge of the regulator’s prosecution and settlements with the suspicious entities.