Montréal – The Autorité des marchés financiers (the “AMF”) today published its annual Summary of Oversight and Regulatory Activities, which highlights its key initiatives for the 2017-2018 fiscal year.
“The first summary, published last year, elicited many positive comments within the industry, which saw the document as an important tool, particularly for understanding our continuous disclosure expectations and remaining current on the latest regulatory developments,” said Gilles Leclerc, AMF Superintendent, Securities Markets. “The summary is a major AMF initiative aligned with its role as a local regulator close to its markets.”
As in 2017, the summary presents the main deficiencies identified in companies’ continuous disclosure and financing documents and provides examples of corrected information and reminders to help them prepare compliant documents. New content for this year includes a section on the booming cryptocurrency and marijuana industries, as well as a section on socially responsible investing based on environmental, social and governance criteria. The AMF is taking a closer look at the information provided to investors in these areas and, among other things, has published a notice on the disclosure of climate change-related risks and financial impacts.
The summary also contains an initial report on the application of the Act respecting transparency measures in the mining, oil and gas industries and outlines several regulatory initiatives.
The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.
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