Established on February 1, 2004 under the Act respecting the Autorité des marchés financiers, now the Act respecting the regulation of the financial sector This link will open in a new window, the Autorité des marchés financiers (the “AMF”) is the body mandated by the Government of Québec to regulate Québec’s financial markets and assist consumers of financial products and services. The AMF is unique in that it oversees, in an integrated manner, the areas of insurance, securities, derivatives, deposit institutions—other than banks—and the distribution of financial products and services.

The President and Chief Executive Officer is appointed by the Government of Québec and is responsible for the direction and management of the AMF. The President and Chief Executive Officer performs the functions and exercises the powers conferred on the AMF by the Acts referred to in section 7 of the Act respecting the regulation of the financial sector. Moreover, the AMF is administered by a board of directors composed of members appointed by the Government.

The AMF is financially self-sufficient through the fees and dues paid by the persons and firms governed by the legislation it is charged with enforcing.