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ARTICLE · 24 NOVEMBER 2015

Authorization From The AMF: A New Monetary Threshold Now Applies To Services Contracts

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It should be noted that the AMF's authorization attests that the business entity concerned satisfies the high standard of integrity that the public is entitled to expect.

CanadaGovernment, Public Sector
Jean-Benoît Pouliot
Jean-Benoît Pouliot
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Since the coming into force of the Integrity in Public Contracts Act, there have been several developments regarding the requirement for business entities that wish to enter into a public contract or sub-contract, to obtain authorization from the Autorité des marchés financiers (the "AMF"), Quebec's financial markets regulator. We have already published two bulletins in this regard1. This past October 30, the Quebec government announced its intention to transfer the AMF's authorization role to a commissioner for public contracts, a brand new office that will be the subject of a bill in 2016. 

It should be noted that the AMF's authorization attests that the business entity concerned satisfies the high standard of integrity that the public is entitled to expect. The entire public sector is subject to this regime, including Crown corporations and municipalities. 

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