Montréal – The President and Chief Executive Officer of the Autorité des marchés financiers (AMF), Jean St-Gelais, is pleased to announce that Montréal will be hosting the 35th Annual Conference of the International Organization of Securities Commissions (IOSCO) in 2010.
This large-scale international event will be held in June and will be attended by high-ranking delegates from more than 100 countries. Delegates will be discussing issues related to financial market oversight and furthering their efforts to improve standards of regulation around the world.
The decision to choose Montréal as host was announced at IOSCO’s 32nd Annual Conference, which is currently taking place in Mumbai, India. The AMF delegation to the Conference is made up of Pierre Bernier, Executive Vice-President, Louis Morisset, Executive Director, Securities Markets, and Jean Lorrain, Director, External Affairs. In addition to this important announcement, Mr. Morisset was elected to chair the Monitoring Group in respect of the IOSCO Multilateral Memorandum of Understanding (MOU) concerning Consultation and Cooperation and the Exchange of Information. Adopted in May 2002, the MOU stands as a significant IOSCO contribution for effective cooperation to ensure enforcement against cross-border securities offences. The Monitoring Group chaired by Mr. Morisset will be mandated to supervise the implementation of the MOU and ensure it is properly applied by all 41 MOU signatories.
“Through the outstanding efforts carried out by AMF staff, we were able to put together all the key elements needed for submitting a winning proposal to IOSCO. This is excellent news for Québec that stems to a large extent from the professionalism of our staff,” said Mr. St-Gelais. As well, the AMF President and CEO expressed gratitude to his counterparts from other provinces who supported Montréal’s bid to host an international event that will highlight the strengths of Québec and Canada.
Founded in 1983, IOSCO is an international organization made up of the authorities that regulate major exchanges and financial markets around the world. It has over 190 members, including the AMF. Québec is a founding member. One of IOSCO’s primary objectives is to promote the adoption of international standards by all its members for the purpose of better protecting investors, maintaining just, efficient and sound markets, and reducing systemic risks. More information is available on the IOSCO website at www.iosco.org This link will open in a new window.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
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