INTERNATIONAL: Canadian Securities Administrators Sign Agreement with French Financial Markets Authority

Friday February 9 2018

On 8^th February 2018, the Canadian Securities Administrators (CSA) signed a cooperation agreement with the French Financial Markets Authority (AMF).

The CSA, is a council composed of provincial and territorial securities regulators in Canada, it is responsible for coordinating and harmonizing the regulation of Canada’s capital markets. The CSA represents the following Canadian territories: Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan.

The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are provided with adequate information and for supervising the orderly operation of markets.

This agreement will allow the CSA territories and AMF to exchange information on companies operating in both countries.

This agreement extends the work of the CSA Regulatory Sandbox and the AMF’s FinTech Innovation and Competitiveness Division, it provides a solid environment for businesses to develop innovative solutions in the financial sector. It will help these companies in their regulatory journey in both countries and will track market developments to identify and propose answers to questions that may emerge.

This Cooperation Agreement is subject to the national laws and regulations of each Authority and does not modify or replace any law or regulation in force or applicable in France.

For additional information please click the link above.