Memorandums of Understanding (MoUs)
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 cross-border illegal activities.
As a result, over the years, the AMF has recognized the importance of cooperating with foreign regulators to ensure efficient oversight of the markets it supervises. Therefore, in addition to being a signatory to the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information and the IAIS Multilateral Memorandum of Understanding on Cooperation and Information Exchange, the AMF has entered into several 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 jurisdiction.
Through these MoUs, the AMF and peer foreign regulators express their willingness to co-operate with each other, particularly in the areas of protecting investors, fostering the integrity of and maintaining confidence in financial markets, and reducing systemic risk. More recently, the AMF has signed Fintech MoUs with various countries. 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.