Autorité des marchés financiers (Québec)
| Autorité des Marchés Financiers | |
| Agency overview | |
|---|---|
| Formed | February 1, 2004 |
| Jurisdiction | Canadian province of Quebec |
| Headquarters | Québec, Canada |
| Agency executive |
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| Website | www |
The Autorité des marchés financiers (AMF) is the organisation responsible for financial regulation in the Canadian province of Québec. It regulates the province's financial markets and provides assistance to consumers of financial products and services. As provided for under its incorporating legislation, the AMF's mission is to enforce the laws governing the regulation of the financial sector, notably in the areas of insurance, securities, deposit institutions (other than banks) and the distribution of financial products and services.
The AMF coordinates its activities with self-regulating bodies such as the Chambre des services financiers (Chamber of Financial Security) and the Chambre de l'Assurance de dommages (Chamber of Damage Insurance), including professional ethics and continuing education.
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.
The "Autorité des marchés financiers" (Autority of financial markets) derives its authority from the "Loi sur l'Autorité des marchés financiers" (Financial Market Autority Act). It is the result of the merger of the "Commission des valeurs mobilières du Québec" (Québec Securities Commission - CVMQ), the Bureau des services financiers (Québec) (Financial Services Bureau - BSF), the Régie de l'assurance-dépôt du Québec (Québec Deposit Insurance Corporation) (RADQ), the Fonds d'indemnisation des services financiers (Financial Services Compensation Fund) (FISF) and the "Inspecteur general des institutions financières" (Inspector General of Financial Institutions) (IGIF).
The AMF was established by the act 2002-45 of December 11, 2002 under the name of the "National Financial Sector Management Agency", in order to integrate the functions of the Bureau des services financiers (Québec) and the Commission des valeurs mobilières du Québec (Securities Commission of Quebec), which were created by The laws bill 2002-45 of December 11, 2002- 48 of 16 December 1982.
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