France's Financial Markets Authority (AMF) and the U.S. Securities and Exchange Commission (SEC) have established a framework for consultation, cooperation and information exchange on firms operating in France and the United States. The agreement covers investment service providers, investment advisers and investment companies supervised by either authority. The agreement will also facilitate SEC registration and supervision of AMF-supervised asset management companies seeking to operate in the United States as investment advisers. The SEC will take the agreement's provisions into account when reviewing both new and pending registration applications from these companies.
France's Financial Markets Authority establishes supervisory cooperation framework with US Securities and Exchange Commission
France's Financial Markets Authority (AMF) and the U.S. Securities and Exchange Commission (SEC) have established a cooperation and information exchange framework covering investment firms operating in both countries. It will also facilitate SEC registration and supervision of AMF-supervised asset managers seeking to act as investment advisers in the United States, with its provisions informing reviews of new and pending applications.