SEC and France's AMF Sign Supervisory MOU on Investment Advisers and Investment Service Providers
The U.S. Securities and Exchange Commission (SEC) and France's Autorité des Marchés Financiers (AMF) announced in Washington on October 20 that they have entered into a Memorandum of Understanding (MOU) designed to facilitate consultation and information-sharing in the supervision of certain investment advisers and investment companies regulated by the SEC and investment service providers supervised by the AMF.
According to the SEC, the MOU establishes a comprehensive framework for consultation, cooperation, and the exchange of information between the two regulators in connection with investment service providers, investment advisers, and investment companies that operate in both the United States and France and are overseen by either the SEC or the AMF. The SEC said the agreement in particular facilitates its registration and supervision of AMF-supervised asset management companies that want to do business in the United States as investment advisers, and that it will process new and pending registration applications from those companies in light of the arrangement.
SEC Chairman Paul S. Atkins said the agreement reflects cooperation in securities regulation intended to expand opportunity and protect investors worldwide, and he thanked French officials for their cross-border collaboration. AMF Chair Marie-Anne Barbat-Layani said the agreement marks a further step in strengthening cooperation between the two authorities, reflecting a shared commitment to developing capital markets while safeguarding the integrity and resilience of the financial system and ensuring investor protection.
Published by GSM · USA (original Chinese edition)
Photo: 位于巴黎交易所广场的布隆尼亚尔宫（Palais Brongniart），法国金融市场管理局（AMF）总部设于该广场。照片：Guilhem Vellut 摄，CC BY 2.0，经维基共享资源／The Palais Brongniart at Place de la Bourse in Paris, where France's Autorité des Marchés Financiers (AMF) is headquartered. Photo: Guilhem Vellut, CC BY 2.0, via Wikimedia Commons
