AMF and the Agence Française Anticorruption sign a cooperation protocol

NEWS
Published
Sep 16th '20
Share
Facebook

By signing this agreement, Robert Ophèle, Chairman of the Autorité des Marchés Financiers (AMF) and Charles Duchaine, director of the Agence Française Anticorruption (AFA) demonstrate the commitment of the two authorities to exchange information and share their respective experience.

 

The AMF has been entrusted by French law with the duty to ensure orderly operation of the markets. Since it was founded in 2003, the AMF has therefore been committed to detecting suspected market abuse, deploying the human and technical resources needed to monitor the markets and carry out its investigations.

 

The French anti-corruption agency (Agence Française Anticorruption) was established in 2016 and helps all public and private entities to prevent and detect corruption, influence peddling, extortion by public officials, unlawful taking of interest, misappropriation of public funds and favouritism. Its expertise may be requested by courts, large companies, administrations or local authorities. The agency is also responsible for monitoring the quality and effectiveness of the anti-corruption measures put in place by public and private stakeholders.

 

The cooperation between the AMF and AFA is therefore a prerequisite for stepping up the fight against breaches of integrity, market abuse and for investor protection.

 

This protocol provides for the organisation of periodic discussions to analyse the modus operandi of breaches of integrity and market abuse. The two authorities may jointly examine the systems for detecting and preventing these breaches and particularly the risks of non-compliance. This cooperation will make it possible to discuss legislative changes that may be recommended in the fight against breaches of integrity and stock market offences. There are also plans to monitor the work undertaken by international bodies.

 

The protocol also provides for joint training activities and the drafting of publications on related issues to provide consistent information to the public.

 

Source: AMF

About the AMF
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. The AMF also supervises the orderly operations of markets.Visit www.amf-france.org

 

About the Agence française anticorruption
Visit www.agence-francaise-anticorruption.gouv.fr and Twitter @AFA_Gouv