Formed 1 August 2003 Phone +33 1 53 45 60 00 Jurisdiction France | Headquarters Paris, France Founded 1 August 2003 | |
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Agency executive Gérard Rameix, Chairman Address 17 Place de la Bourse, 75002 Paris, France Hours Open today · 9AM–7PMFriday9AM–7PMSaturdayClosedSundayClosedMonday9AM–7PMTuesday9AM–7PMWednesday9AM–7PMThursday9AM–7PM Similar AMF Association des Maire, ACPR, Assemblée des Commun, Cour des Comptes, Fédération Bancaire Française Profiles | ||
The Autorité des marchés financiers (AMF) (English: "Financial Markets Regulator") is the stock market regulator in France. The AMF is an independent public body that is responsible for safeguarding investments in financial instruments and in all other savings and investment as well as maintaining orderly financial markets.
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Overview
The Autorité des marchés financiers (AMF) was established by the Financial Security Act of 1 August 2003. It was formed from the merger of the Commission des opérations de bourse (COB), the Conseil des marchés financiers (CMF) and the Conseil de discipline de la gestion financière (CDGF). The AMF is an independent public body with legal personality and financial autonomy with the duty of:
It falls under the European regulatory umbrella of the Markets in Financial Instruments Directive (MiFID).
Substantial shareholdings
Shareholders are required to notify their holdings to the AMF when their stake exceeds or falls below certain thresholds. According to the act of 26 July 2005 the lowest disclosure threshold is 5% (article l. 233-7 of the commercial code). Pursuant the same article allows that companies can set additional notification thresholds in their articles of association.