The Autorité des marchés financiers and the French Anti-Corruption Agency sign a cooperation protocol
By signing this agreement, Robert Ophèle, president of the Autorité des marchés financiers (AMF) and Charles Duchaine, director of the French Anti-Corruption Agency (AFA) show the willingness of the two authorities to exchange information and share their respective experiences. .
The legislator has entrusted the Autorité des marchés financiers with the task of ensuring the proper functioning of the markets.
Since its creation in 2003, the AMF has therefore endeavored to detect possible market abuse, by deploying the human and technical resources essential for market surveillance and for carrying out its investigations.
The French Anticorruption Agency, created in 2016, helps any person governed by public or private law to prevent and detect acts of corruption, influence peddling, embezzlement, illegal taking of interest, embezzlement of public funds and of favoritism. Its expertise can be requested by jurisdictions, large companies, administrations or even communities. The agency's mission is also to control the quality and effectiveness of the anti-corruption measures deployed by public and private actors.
Thus, cooperation between the AMF and the AFA appears to be a necessary condition for strengthening the fight against breaches of probity, market abuse and for the protection of investors.
This protocol provides for the organization of periodic discussion meetings to analyze the operating methods of breaches of probity and market abuse. The two authorities will be able to discuss together the systems for detecting and preventing these breaches and particularly the risks of non-compliance. This cooperation will make it possible to exchange views on legislative developments that may be recommended in the fight against breaches of probity and stock market offenses. A follow-up of the work undertaken by the international bodies is also envisaged.
The protocol also provides for joint training actions as well as the drafting of publications on complementary subjects and allowing consistent information to the public.
Virginie Gastine Menou
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