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

France: Financial Sector Assessment Program—Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
ISBN-10
1484319370
ISBN-13
9781484319376
Series
France
Category
Business & Economics
Pages
173
Language
English
Published
2013-07-01
Publisher
International Monetary Fund
Author
International Monetary Fund. Monetary and Capital Markets Department

Description

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.

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