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ARTICLE · 14 SEPTEMBER 2018

OSC And AMF Join Global Financial Innovation Network

McCarthy Tétrault
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On August 7, 2018, the U.K. Financial Conduct Authority announced the formation of the GFIN, comprised of 11 financial regulators, including the OSC and Autorité des marchés financiers ("AMF").

CanadaFinance and Banking
CyberLex Blog
CyberLex Blog
Robert J. Richardson
Robert J. Richardson
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On August 7, 2018, the U.K. Financial Conduct Authority ("FCA") announced the formation of the Global Financial Innovation Network ("GFIN"), comprised of 11 financial regulators, including the Ontario Securities Commission ("OSC") and Autorité des marchés financiers ("AMF").

GFIN follows upon a white paper published by the FCA in February 2018, which suggested the creation of a "global sandbox" to enhance regulators' ability to collaborate on innovation-related topics. It is also intended that the GFIN will provide innovative firms with greater efficiencies in their interactions with regulators. The announcement was accompanied by the publication of a GFIN Consultation Document, which proposes three complementary functions for the GFIN:

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