AMF 2012-2013 Annual Report Highlights New Mandates

The Autorité des marchés financiers (AMF) recently released its 2012-2013 annual report. The report reviews the actions undertaken by the AMF during the last year and identifies policy areas it will focus on in the coming months.

The report highlights, among other things, two new mandates that the Quebec government has conferred upon the AMF that have broadened the scope of its typical activities. These include administering a new framework to regulate money-services businesses pursuant to the Money-Services Businesses Act, which requires that any person or entity who operates such a business must hold a license issued by the AMF, and processing applications by businesses for authorizations to enter into public contracts or subcontracts under the Integrity in Public Contracts Act.