FRANCE: AMF Publish Internal Rules

Tuesday August 22 2017

Autorité des marchés financiers (AMF) have published internal rules of the Board and Enforcement Committee.

The rules relate to the organisation, functioning and code of conduct of the two governing bodies.

The rules of the Committee involve what to do in conflicts of interest, holding of meetings, sanctions procedure and necessary documents to be submitted for proceedings.

The rules of the Board relate to organising meetings, conduct of meetings, role of advisory meetings, reporting obligations, declaration of assets, ethical obligations, conflicts of interest and disciplinary sanctions.

The Board is the AMF’s main decision-making body and is chaired by the Chairman of the AMF. It adopts new regulations, takes individual decisions, reviews inspection and investigation reports, and initiates sanction proceedings.

The Enforcement Committee, whose members are judges and professionals different from the Board’s members, enjoys full decision-making autonomy.

Please click on the above link for more information.