Established under the Act respecting the Autorité des marchés financiers This link will open in a new window on February 1, 2004, the Autorité des marchés financiers (the “AMF” or the “Authority”) is the body mandated by the Québec government 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 AMF is administered by a President and Chief Executive Officer (CEO) appointed by the Government of Québec. In addition, the AMF Advisory Board, composed of seven independent members appointed by the Minister of Finance, carries out the functions that are assigned to it under the AMF’s constituting act.
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.