AMF (Autorité des Marchés Financiers)

The Autorité des marchés financiers (AMF) established by the Financial Security Act of 1 August 2003. It was formed from the merger of the Commission des opérations de bourse (COB), the Conseil des marchés financiers (CMF) and the Conseil de discipline de la gestion financière (CDGF).

The objective in amalgamating these bodies was to improve the efficiency of France’s financial regulatory system and to give it greater visibility.

The AMF is an independent public body with legal personality and financial autonomy. Its remit is to:

• safeguard investments in financial instruments and in all other savings and investment vehicles
• ensure that investors receive material information
• maintain orderly financial markets
• The AMF also lends its support to financial market regulation at the European and International levels.