Regulatory

Autorité des marchés financiers (AMF)

Quebec's integrated financial-sector regulator covering securities, insurance, and deposit institutions.

Definition

Unlike most other provinces, Quebec's AMF regulates securities, insurance, deposit-taking institutions, and the distribution of financial products under a single statutory mandate. It is a CSA member but adopts Quebec equivalents of National Instruments rather than the NIs directly. Registrants conducting business in Quebec must comply with AMF-adopted rules in addition to CIRO rules. The AMF is funded through levies on regulated entities and reports to the Quebec Minister of Finance.

Source

Loi sur l'Autorité des marchés financiers (RLRQ c A-33.2); lautorite.qc.ca

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