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.