The AMF's New Self-Reporting Policy

Introduction

The Autorité des marchés financiers (the "AMF") is the organization mandated by the Quebec government to act to ensure that the financial sector remains dynamic, honest and worthy of public trust.¹

On May 20^th, 2025, the AMF introduced a new self-reporting and cooperation program by publishing its Self-reporting and Cooperation Policy (the "Policy"). The purpose of the Policy is to encourage market participants who have contravened certain financial laws to voluntarily self-report their offences, and to cooperate fully with the AMF in the event of an investigation, in order to benefit from possible sanction relief. This Policy is a part of the AMF's broader strategy to strengthen the integrity of the financial sector and protect the public interest. This Policy is also in line with the AMF's objective of speeding up the processing of investigations and litigation, in order to reduce negative impacts on financial markets, victims and the court system.