The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec’s financial sector, released its 2009-2010 Annual Report.
In 2009-2010, the financial crisis revealed the need to implement an extensive program of regulatory reform and strengthen communication and co-operation among regulators around the world. “The
AMF is involved in the development of this regulatory framework and keeps current on international trends by playing an active role in the initiatives undertaken by various international bodies,” stated
AMF President and CEO Jean St-Gelais. “This past year was again marked by additional consumer education and awareness measures by the AMF,” added Mr St-Gelais.
Highlights of the AMF’s sixth year of operations include:
enactment of Bill 74, which sets out the framework for rating agencies and empowers the
AMF to impose harsher penalties;
launch of the Before investing, investigate! campaign, which has had a major impact on the investing habits of Quebeckers;
active contribution to the implementation of the Passport system for securities, a tangible and effective response to the federal government’s proposal to encroach on this area of provincial jurisdiction.
Full report (French only)
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