L'Autorité française des marchés financiers (AMF) et la commission américaine de sécurité et d'échanges (SEC)

Résumé du document

The AMF has for mission to apply the laws relative to the supervision of the financial sector. Especially in the field of : Insurances, securities and depository institution, except banks - and the distribution of products and financial services. The Authority must :
- provide assistance to consumers of products and users of financial services
- provide assistance to consumers of products and users of financial services
- supervising the activities of distribution of financial products and services
- supervising activities of grant and compensation, and the securities markets
- ensure the implementation of protection and compensation programs for the consumers.

Extraits

[...] - Power of penalty. - Power of mediation types of powers.: - Statutory power. - Power of control. - Power of penalty. [...]

[...] 600px-United_States_Securities_and_Exchange_Commission.svg.pngSans-titre-1.pngfff.pngnv%20logo%20Oboulo[1] L'Autorité française des marchés financiers (AMF) et la commission américaine de sécurité et d'échanges (SEC) < number > The French AMF ( ) The U.S. SEC ( ) Comparison between both Plan Sans-titre-1.png600px-United_States_Securities_and_Exchange_Commission.svg.png < number > Origin of the AMF The will of clarifying the organization The implementation of the AMF was eagerly awaited because there were several authorities of financial markets: The CMF (Conseil des Marchés Financiers) The COB (Commission des Opérations de Bourse) The CDGP (Conseil de Discipline de la Gestion des Portefeuilles) The French AMF Sans-titre-1.png < number > Mission The AMF has for mission to apply the laws relative to the supervision of the financial sector Especially in the field of :  Insurances, securities and depository institution, except banks - and the distribution of products and financial services Sans-titre-1.png The French AMF < number > More exactly, the Authority must Provide assistance to consumers of products and users of financial services Provide assistance to consumers of products and users of financial services Supervising the activities of distribution of financial products and services Supervising activities of grant and compensation, and the securities markets Ensure the implementation of protection and compensation programs for the consumers Sans-titre-1.png The French AMF < number > Overview SEC = Securities and Exchanges Commission « Policeman » of the American stock exchange Similar functions to those of the French AMF The U.S. [...]

[...] SEC Legal entity Regulate and control the financial markets Fight against fraud Ensure the availability of financial information Very powerful Members appointed for 5 years Political independence during decision-making. 600px-United_States_Securities_and_Exchange_Commission.svg.pngSans-titre-1.png Similarities < number > Comparison AMF/SEC 600px-United_States_Securities_and_Exchange_Commission.svg.pngSans-titre-1.png French AMF U.S. SEC Created in 2003 Created in 1934 Nature : - Independent public authority Nature : - quasi governmental body - quasi judicial body Organisation : « Le Collège » (complicated choice) Organisation : 5 commissioners (political directed choice) Commission of Sanctions X Various sanctions : - Blames - Temporary prohibition or total ban - Amends Impose only civil sanctions : Injunction Amends 600px-United_States_Securities_and_Exchange_Commission.svg.pngSans-titre-1.png Differences < number > Comparison AMF/SEC 600px-United_States_Securities_and_Exchange_Commission.svg.pngSans-titre-1.png French AMF U.S. [...]