MONTRÉAL, Jan. 10, 2019 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") has signed on to the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (the "EMMoU"), published in the AMF Bulletin on January 10, 2019.
"By entering into this EMMoU, we are demonstrating our commitment to higher standards for cooperation and the exchange of information with other supervisory authorities responsible for enforcing legislation in their respective jurisdictions," said Jean-François Fortin, Executive Director of Enforcement at the AMF.
Under the EMMoU, signatories agree to provide each another with the fullest assistance permissible in order to increase the effectiveness of their investigations and the enforcement of legislation relating to cross-border fraud and misconduct. To this end, signatories undertake to have access, when required, to the enhanced powers referred to in the EMMoU.
The EMMoU, which expands the scope of the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, is entered into by the signatories that are members of the International Organization of Securities Commissions (IOSCO). The IOSCO Screening Group positively assessed the AMF's powers and recommended that IOSCO decision makers approve the AMF as an EMMoU signatory.
IOSCO is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector.
The AMF joined the EMMoU effective October 23, 2018.
The Autorité des marchés financiers is the regulatory and oversight body for Québec's financial sector.
Sylvain Théberge: 514-940-2176
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SOURCE Autorité des marchés financiers