Financial market transactions frequently involve other foreign regulators, such as intermediaries and financial institutions carrying on business in our jurisdiction and vice versa. The same can be said for illegal activities that are not stopped by borders.
As a result, over the years, the AMF has recognized the importance of cooperating with foreign regulators with a view to ensuring efficient oversight of the markets it supervises. Therefore, in addition to being a signatory to both IOSCO’s and IAIS's Multilateral Memorandums of Understanding Concerning Consultation and Cooperation and the Exchange of Information (MMoU), the AMF has entered into several memorandums of understanding (MOUs) with various foreign regulators with a view to providing mutual assistance within the context of enforcement and the supervision and oversight of regulated entities operating in each other’s respective jurisdictions.
Through these MOUs, the AMF and peer foreign regulators express their willingness to cooperate with each other, particularly in the areas of protecting investors, fostering the integrity of and maintaining confidence in financial markets, and reducing systemic risk. In this global context, the AMF also cooperates with other securities and insurance regulatory organizations to share information and provide international cooperation aimed at deterring cross-border fraud and misconduct.