Autorité des marchés financiers

Autorité des marchés financiers

September 29, 2010 14:18 ET

AMF's 2009-2010 Annual Report Tabled

MONTREAL, QUEBEC--(Marketwire - Sept. 29, 2010) - The Autorité des marchés financiers (AMF) today released its 2009-2010 Annual Report. The Report includes the AMF's financial statements and covers its primary activities for the fiscal year from April 1, 2009 to March 31, 2010, particularly with respect to the administration of the following laws: the Deposit Insurance Act, the Securities Act, An Act respecting the distribution of financial products and services and the Derivatives Act.

In 2009-2010, the financial crisis revealed the need to implement an extensive program of regulatory reform and strengthen communication and co-operation among regulators around the world. "The AMF is involved in the development of this regulatory framework and keeps current on international trends by playing an active role in the initiatives undertaken by various international bodies," stated AMF President and CEO Jean St-Gelais. "This past year was again marked by additional consumer education and awareness measures by the AMF," added Mr. St-Gelais.

Highlights of the AMF's sixth year of operations include:

  • enactment of Bill 74, which sets out the framework for rating agencies and empowers the AMF to impose harsher penalties;
  • launch of the Before investing, investigate! campaign, which has had a major impact on the investing habits of Quebeckers;
  • active contribution to the implementation of the Passport system for securities, a tangible and effective response to the federal government's proposal to encroach on this area of provincial jurisdiction.

The AMF's Annual Report was tabled on September 29 in the Québec National Assembly.

The 2009-2010 Annual Report is available (in French only) on the AMF website at www.lautorite.qc.ca.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.

Contact Information

  • Media only:
    Sylvain Theberge
    514-940-2176
    or
    Information Centre:
    Quebec City : 418-525-0337
    Montreal : 514-395-0337
    Toll-free: 1-877-525-0337
    www.lautorite.qc.ca