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  • Writer's pictureDeborah

On April 27, 2023, the Autorité des Marchés Financiers (AMF) released its Annual Statement of Priorities 2023-2024.

Key priorities includes:

  • Publication of a model framework for the responsible use of artificial intelligence in the financial industry.

  • Continuous efforts in monitoring the crypotasset ecosystem

  • In collaboration with the Canadian Securities Administrators (CSA), the AMF will continue its work to develop a framework for the registration of cryptoasset trading platforms that are subject to securities legislation.

  • Continuous efforts to tackle offers of illegal products on social media and the Internet by optimizing the approaches for detecting such activities, particularly in the cryptoasset ecosystem.

  • Analysis of comments on the draft Regulation to amend Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting.

  • Analysis of comments on the draft Regulation to amend Regulation 24-101 respecting Institutional Trade Matching and Settlement in order to facilitate the transition to a T+1 settlement cycle.

  • Publication of a new guideline on the capital and liquidity requirements for cryptoasset exposures applicable to financial services cooperatives, trust companies, savings companies and other institutions.

  • Further targeted consultations with market participants and members of the fintech ecosystem to better understand the opportunities for and barriers to innovation.

  • Cross-cutting supervisory work on the digital transformation of financial institutions, focusing on two key areas that includes cyber risk.

  • Creation of the first specialized team dedicated to environmental, social and governance (ESG) issues.

Publication of a new guideline on climate change-related risks that will cover prudential aspects of governance and risk management as well as sound commercial practices and disclosure to the regulator.

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