Autorité des marchés financiers (France)

Financial Markets Authority
Autorité des marchés financiers
Agency overview
Formed	1 August 2003
Jurisdiction	France
Headquarters	Paris, France
Agency executive	, Chairman;
Website	http://www.amf-france.org

The Autorité des marchés financiers (AMF) (English: "Financial Markets Regulator") is the stock market regulator in France. The AMF is an independent public body that is responsible for safeguarding investments in financial instruments and in all other savings and investment as well as maintaining orderly financial markets.

Autorité des marchés financiers (French financial market regulator), place de la Bourse, Paris, France

Overview[]

The Autorité des marchés financiers (AMF) was 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 AMF is an independent public body with legal personality and financial autonomy with the duty of:^[1]

Safeguard investments in financial instruments and in all other savings and investment vehicles
Ensure that investors receive material information
Maintain orderly financial markets

It falls under the European regulatory umbrella of the Markets in Financial Instruments Directive (MiFID).

Substantial shareholdings[]

Shareholders are required to notify their holdings to the AMF when their stake exceeds or falls below certain thresholds. According to the act of 26 July 2005 the lowest disclosure threshold is 5% (article l. 233-7 of the commercial code). Pursuant the same article allows that companies can set additional notification thresholds in their articles of association.^[2]