France: Financial Sector Assessment Program—Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation

International Monetary Fund

No 2013/182, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Detailed Assessment of Observance of International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation for France. The assessment reveals that France exhibits a high level of implementation of the IOSCO principles. The legal framework is robust and provides the Autorité de Marchés Financiers (AMF) and the Autorité du Contrôle Prudentiel (ACP) with broad licensing, supervisory, investigative, and enforcement powers within their respective competences. There are robust arrangements for cooperation between the two authorities.

Keywords: ISCR; CR; RG AMF; AMF staff; statutory auditor; insider trading; financial institution; staff member; beneficial owner; ACP conduct onsite inspection; compliance officer; AMF chairman; Securities; Auditing; Legal support in revenue administration; Financial statements; Europe; Global; IOSCO principle; multilateral trading facilities; multilateral trading facility; markets authority; Internal controls (search for similar items in EconPapers)
Pages: 173
Date: 2013-07-01
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