Autorité Des Marchés Financiers

What Autorité Des Marchés Financiers does

Autorité des marchés financiers (AMF) is the integrated financial markets regulator mandated by the Quebec government, established on February 1, 2004 under the Act respecting the regulation of the financial sector (Loi sur l'encadrement du secteur financier). The organization holds comprehensive jurisdiction over Quebec's financial sector, regulating insurance, securities, derivatives, deposit institutions (excluding banks), and the distribution of financial products and services, including mortgage brokerage and credit assessment agents. It is led by a President and CEO appointed by the Quebec government and governed by an appointed board of directors, operating with approximately 900 employees across two offices in Quebec City (headquarters at Place de la Cité) and Montreal (Place Victoria).

The AMF's operating model spans consumer protection, industry supervision, market oversight, and professional certification. Core functions include administering the Financial Services Compensation Fund (with $200,000 maximum coverage per claim), maintaining public registers of authorized individuals and firms, enforcing securities and derivatives regulations, supervising deposit institutions and trust companies, and running professional certification examinations for insurance representatives, damage insurance agents, claims adjusters, mortgage brokers, financial planners, and securities representatives. Supporting infrastructure includes a secure online services portal (Services en ligne), public registers, calculators and educational tools, the "Tes affaires!" youth financial literacy program, and a public consultations platform. Technology deployment is centered on standard enterprise regulatory IT, including the SEDAR+ securities filings system and digital registration platforms, with no proprietary AI products disclosed.

The AMF is autonomously financed through regulatory fees, contributions, and rights paid by the individuals and companies subject to the laws it administers. Fee schedules are published by discipline, with annual representative contributions ranging from $90 (scholarship plan brokerage, financial planning, claims adjustment) to $240 (restricted/securities/derivatives brokerage, portfolio management), plus a $5,000 annual fee for online trading platforms and a $75 multi-discipline discount. Customer-facing distribution relies on a regional self-serve digital portal, a multi-line contact center, in-person offices, and public registers; the AMF does not operate with traditional product pricing or commercial revenue models.

Name

Autorité Des Marchés Financiers

Legal name

Autorité des marchés financiers

Website

https://lautorite.qc.ca

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Autorité des marchés financiers is Quebec's integrated financial markets regulator, established 2004, overseeing insurance, securities, derivatives, deposit institutions, and financial services distribution to protect consumers, supervise professionals, and administer the Financial Services Compensation Fund.

Ownership category

akta.pro rank

Product category

Financial Market Regulation

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

AML/Financial Crime for Securities (KYC, Sanctions, PEP) (FSACAJAE), AML/CTF & Sanctions Screening for Markets (Broker/Exchange Monitoring) (FSAFAKAE)

Keywords

• Financial market regulation
• Securities supervision
• Insurance oversight
• Consumer protection
• Professional licensing

Headquarters

HQ city

Québec

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Regulatory fees and contributions: The AMF is financed through contributions and fees paid by individuals and companies subject to the laws it administers. This includes fees from insurers, securities firms, deposit institutions, representatives, and other regulated entities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

The Autorité des marchés financiers (AMF) is Quebec's integrated financial markets regulator, mandated by the Quebec government to regulate the financial sector and protect consumers of financial products and services. It oversees insurance, securities, derivatives, deposit institutions (excluding banks), and financial product/service distribution through licensing, market supervision, enforcement of laws, and consumer complaint handling. It administers the Financial Services Compensation Fund (FISF) to indemnify victims of fraud by authorized financial intermediaries and certifies financial professionals.

Product overview

The Autorité des marchés financiers (AMF) operates as an integrated regulatory platform for Quebec's financial sector, combining consumer protection, industry oversight, and professional certification. The AMF's core portfolio includes: Insurance Services covering auto, home, life, and specialty insurance; Investment Services including cryptoassets and self-directed investing; Personal Finance guidance; Fraud Prevention; Assistance and Complaints handling; Compensation and Deposit Protection through the Financial Services Compensation Fund; Securities and Derivatives regulation; and Deposit Institution supervision. Supporting infrastructure includes E-Services (online portal), Calculators and Tools for consumer education, the Tes affaires! Youth and Teacher financial education program, Public Registers of authorized entities, and Public Consultations for regulatory developments. The AMF also manages Professional Certification for insurance agents, mortgage brokers, financial planners, and securities representatives.

Differentiator

Problem solved

Functional benefit

Brands

• Tes affaires!: Financial education and resources program for youth and teachers, part of the AMF's strategic financial education, outreach and research partnerships program.

Products and services

• Assistance and Complaints Services Consumer assistance and complaint handling service for individuals in Quebec who have issues with financial companies, representatives, and insurance providers, including dedicated fraud victim support.
• Financial Services Compensation Fund (FISF) Compensation fund that indemnifies victims of fraud committed by authorized financial intermediaries in Quebec, with maximum coverage of $200,000 per claim.
• Professional Certification Services Professional certification and licensing service for individuals seeking to practise as insurance representatives, damage insurance agents, claims adjusters, mortgage brokers, financial planners, or securities representatives in Quebec.
• E-Services (Services en ligne) Secure online portal for licensed Quebec financial professionals to register for exams, manage their certification, make payments, and manage their business clients.
• Public Registers Publicly accessible online registries that allow consumers and businesses to verify authorized individuals and companies regulated by the AMF, including insurers, securities issuers, deposit institutions, credit assessment agents, and cryptocurrency trading platforms.
• Tes affaires! Youth and Teacher Zone Financial education program targeted at Quebec youth aged 17-22 and teachers, providing resources for teaching financial literacy at primary, secondary, and college levels.
• Mining, Oil and Gas Transparency Measures Regulatory transparency reporting program for mining, oil, and gas companies operating in Quebec, requiring payment disclosure to combat corruption and promote social acceptability.
• AI Guideline for Financial Institutions Regulatory guideline published March 30, 2026, establishing governance, risk management, and client treatment requirements for financial institutions operating in Quebec regarding their use of artificial intelligence, with an effective date of May 1, 2027.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• France's Autorité des marchés financiers (AMF)coreStrategic or Co-development Partner · 20 April 2026Tripartite cooperation agreement between OSC, AMF (Quebec), and France's AMF to support cross-listing of issuers across Canadian and French markets, establishing new cooperative procedure to ease prospectus approvals while maintaining regulatory compliance in both jurisdictions.
• Ontario Securities Commission (OSC)coreStrategic or Co-development Partner · 5 March 2026Cooperative partnership with OSC and CIRO to approve Project Samara, a first-of-its-kind experimental research project testing distributed ledger technology for end-to-end bond transactions in Canada. The platform operated by RBC processes tokenized bond issuance by Export Development Canada.
• Canadian Investment Regulatory Organization (CIRO)coreStrategic or Co-development Partner · 5 March 2026Collaborative approval of Project Samara alongside OSC and AMF, testing distributed ledger technology for bond transactions in Canada with participation from major financial institutions.
• Export Development CanadacoreStrategic or Co-development Partner · 5 March 2026Participating institution in Project Samara, issuing tokenized bonds on the distributed ledger platform tested by Canadian regulators.
• Bank of CanadacoreStrategic or Co-development Partner · 5 March 2026Partner in Project Samara creating and managing digital wholesale Canadian dollars for settlement of tokenized bond transactions on the distributed ledger platform.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ontario Securities Commission (OSC): Ontario's integrated securities regulator, the most direct peer to AMF given overlapping mandates in securities oversight, issuer regulation, and market integrity. OSC and AMF have joint initiatives (Project Samara, France AMF agreement), underscoring their comparable roles in Canadian capital markets regulation.
• Canadian Investment Regulatory Organization (CIRO): National self-regulatory organization overseeing investment dealers and trading activity in Canada, co-approving Project Samara with AMF. CIRO performs market-conduct and dealer supervision that complements AMF's securities oversight in Quebec.
• Financial Services Regulatory Authority of Ontario (FSRA): Ontario's integrated financial services regulator with a mandate covering insurance, pensions, and credit unions — directly comparable to AMF's integrated approach over Quebec's non-bank financial sector.
• British Columbia Securities Commission (BCSC): British Columbia's provincial securities regulator, operating under a similar mandate to AMF for securities regulation within its province. CSA membership and parallel rule-making make BCSC a structural peer.
• Autorité des marchés financiers (France): France's integrated financial markets regulator sharing both its name and integrated mandate (securities, insurance, financial services distribution). The 2026 tripartite cooperation agreement makes it AMF Quebec's closest international peer for cross-border regulatory practice.

Broad incumbents

• Office of the Superintendent of Financial Institutions (OSFI): Canadian federal regulator of banks and federally chartered financial institutions. Overlaps with AMF where federal-provincial jurisdictional boundaries intersect (deposit institutions, insurance federally).
• Financial Conduct Authority (FCA, UK): United Kingdom's conduct regulator for financial services, covering a similar integrated mandate (securities, insurance, consumer protection). Comparable in scope and innovation approach to AMF at a national level.
• Australian Securities and Investments Commission (ASIC): Australia's integrated corporate, markets, and financial services regulator. Comparable integrated mandate over securities, insurance, and consumer protection, with similar recent focus on cryptoasset and AI oversight.
• U.S. Securities and Exchange Commission (SEC): U.S. federal securities regulator with overlapping market-conduct and disclosure oversight. While federal rather than provincial, the SEC is a benchmark for AMF's securities rulemaking and cryptoasset policy direction.

Others

• Bank of Canada: Canada's central bank, partner with AMF in Project Samara providing digital wholesale Canadian dollars for DLT bond settlement. Different mandate (monetary policy vs market regulation) but a critical coordination counterparty for AMF's tokenized-market initiatives.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lautorite
• YouTubeyoutube.com/user/AutoriteDesMarches
• Facebookfacebook.com/Autoritedesmarchesfinanciers
• LinkedInlinkedin.com/company/1128549
• Instagraminstagram.com/amf_quebec

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Autorité Des Marchés Financiers