June 8, 2010 Organization

Montréal – Jean-Pierre Jouyet, Chairman of the Autorité des marchés financiers (France) and Jean St-Gelais, President and CEO of the Autorité des marchés financiers (Québec), today signed an undertaking to facilitate the mobility of investment and securities industry professionals between France and Québec.

"We are undertaking to recognize the qualifications and expertise of key investment and securities industry professionals governed by our two organizations. The resulting arrangements will ultimately facilitate the mobility of these professionals between France and Québec," noted Mr. St-Gelais.

"I am very pleased about this undertaking. It is a major step forward in recognizing beyond our borders the professional expertise certification system recently implemented in France by our agency," added Mr. Jouyet.

The initial step in the process will involve a detailed review of the conditions required by France and Québec for these positions, in particular, the professional qualifications for the investment industry in France and the securities industry in Québec.

This undertaking was signed at the 35th Annual Conference of the International Organization of Securities Commissions (IOSCO), held this week in Montréal. It builds on the Québec-France Understanding on the Mutual Recognition of Professional Qualifications signed in October 2008 by French President Nicolas Sarkozy and Québec Premier Jean Charest.

The Autorité des marchés financiers (France) is an independent public body that regulates and oversees the financial markets in France.

The Autorité des marchés financiers (Québec) is the regulatory and oversight body for Québec’s financial sector.

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Autorité des marchés financiers (Québec):
Media only:
Sylvain Théberge: 514-940-2176

Autorité des marchés financiers (France):
Media only:
Barbara Frugier: +33 (0)1.53.45.60.39