Autorité des marchés financiers

What Autorité des marchés financiers does

Autorité des marchés financiers (AMF) is Quebec's integrated financial sector regulator, established on February 1, 2004 under the Act respecting the Autorité des marchés financiers, now codified as the Act respecting the regulation of the financial sector (chapter E-6.1). It is a government state entity with statutory financial autonomy, funded by contributions and fees paid by individuals and firms subject to the laws it administers. AMF holds exclusive jurisdiction over insurance, securities, derivatives, deposit institutions (excluding banks), financial product and service distribution including mortgage brokerage, and credit assessment agent activities. Additional mandates cover voluntary retirement savings plan (RVER) administrators and transparency reporting for the mining, oil, and gas sectors. The organization is governed by a board of directors appointed by the Government of Quebec, with a President and CEO also appointed by the government.

AMF serves two principal constituencies: the general public of Quebec, through consumer assistance, fraud prevention, deposit protection, and the Fonds d'indemnisation des services financiers compensation program; and regulated financial sector professionals and firms, through licensing, certification, examinations, and ongoing compliance oversight. Service delivery runs through a Quebec City headquarters (Place de la Cité), a Montreal regional office (Place Victoria), toll-free phone support, a secure online services portal (SEL) integrated with the clicSÉQUR government authentication system, and active presence on LinkedIn, Facebook, Instagram, X, and YouTube. Digital products include public registers of authorized professionals and firms, a register of authorized cryptocurrency trading platforms, a register of authorized crowdfunding portals, professional training and examination programs, financial calculators and educational tools, and the Tes affaires! youth financial literacy program for ages 17–22.

AMF's economic model is regulatory fee-based rather than commercial. It does not generate market revenue from selling products or services; instead, it assesses contributions and dues on the regulated industry, enabling operation independent of direct appropriations while remaining within the Quebec public sector. The organization collaborates with the Canadian Securities Administrators (CSA/ACVM) to harmonize securities regulation across Canada and co-issues guidance with peer regulators such as IIROC/OCRI, positioning itself as a recognized authority on emerging issues including digital-asset platforms and equity crowdfunding within its jurisdictional perimeter.

Name

Autorité des marchés financiers

Legal name

Autorité des marchés financiers

Website

https://lautorite.qc.ca

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Autorité des marchés financiers (AMF) is Quebec's integrated financial regulator, established in 2004, overseeing insurance, securities, derivatives, deposit institutions, mortgage brokerage, credit assessment, and consumer financial protection across the province.

Ownership category

akta.pro rank

Product category

Financial Regulation

akta.pro industry

PRIMARYBPAIAOAK

Financial Services Regulators (Banking, Securities, Insurance)

Business & Public Services/Public Sector & Government Administration/Regulatory Agencies & Licensing (Cross-sector)

SECONDARYBPAHAFAE

Financial Crime, AML/CFT & Sanctions Compliance

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Risk, Compliance & Governance Advisory

SECONDARYBPADANAL

Financial Regulation, AML/CFT & Tax Transparency Cooperation

Business & Public Services/International Organizations & Development/International Standards, Policy & Regulatory Cooperation

SECONDARYBPAKADAL

Fraud Risk & Financial Crime Controls Advisory

Business & Public Services/Security & Investigations Services/Security Consulting, Risk Assessment & Audits

Keywords

• Financial sector regulation
• Consumer protection services
• Professional licensing oversight
• Deposit protection programs
• Securities market supervision

Headquarters

HQ city

Montréal

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, Marketing or Sales, Infrastructure, Others

Revenue model

1. Regulatory Fees and Dues: The AMF's financial autonomy is ensured by contributions and fees paid by individuals and companies subject to the laws it administers. As a regulatory body, it does not generate commercial revenue but is funded by the regulated financial industry.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

The Autorité des marchés financiers (AMF) regulates Quebec's financial sector by overseeing insurance, securities, derivatives, deposit institutions, mortgage brokerage, and credit assessment activities. It provides consumer assistance and complaints handling, administers a fraud victim compensation fund (Fonds d'indemnisation des services financiers) and a deposit protection program, licenses and certifies financial professionals, and maintains public registers of authorized firms, crypto trading platforms, and crowdfunding portals. The organization is funded by contributions and fees paid by regulated entities.

Product overview

Autorité des marchés financiers (AMF) is Quebec's integrated financial regulator overseeing insurance, securities, derivatives, deposit institutions, mortgage brokerage, and credit assessment activities. Rather than a unified software product, AMF operates as a regulatory agency providing a portfolio of public-facing services including: public registers for verifying authorized professionals and firms, the Fonds d'indemnisation compensation program, deposit protection, e-services for professional licensing and transactions, financial education tools for consumers, and regulatory oversight of cryptocurrency platforms and crowdfunding portals. The organization administers certification and training programs for financial professionals and maintains enforcement authority over regulated entities.

Differentiator

Problem solved

Functional benefit

Brands

• Tes affaires!: Educational tools and resources for young people aged 17-22 and teachers to learn financial management at school and at home.
• Fonds d'indemnisation des services financiers

Products and services

• Registre des entreprises et des individus autorisés à exercer (Public Register of Authorized Firms and Individuals) Public register enabling consumers to verify whether individuals and firms meet minimum criteria such as training requirements or are under practice prohibitions in insurance, securities, and other regulated financial activities in Quebec.
• Fonds d'indemnisation des services financiers (Financial Services Compensation Fund) Compensation program that may reimburse victims of fraud committed by authorized financial intermediaries for their financial losses, serving consumers of financial products and services in Quebec.
• Protection des dépôts (Deposit Protection) Deposit protection program that guarantees deposits held at authorized deposit institutions, outlining conditions for coverage and eligible deposit types for Quebec consumers.
• Services en ligne AMF (AMF E-Services) Secure online portal for financial professionals to conduct transactions including exam registration, certificate applications, complaint filings, mandatory disclosures, and payment processing through the clicSÉQUR - Entreprises government authentication system.
• Programmes de formation et certifications professionnelles (Professional Training and Certification Programs) Mandatory training programs, examinations, and certification processes for becoming a licensed financial professional in insurance, securities, financial planning, and mortgage brokerage in Quebec.
• Tes affaires! (Youth Financial Education Program) Educational resources and tools for youth aged 17-22 and teachers to learn financial literacy and personal finance management, including classroom activities for primary, secondary, and college levels.

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

One partnership is on record.

• Canadian Securities Administrators (CSA) / ACVMcoreStrategic or Co-development PartnerAMF participates in the Canadian Securities Administrators (CSA), a forum of securities regulators from Canada's provinces and territories working to harmonize securities regulation across Canada. Collaborates on investor protection initiatives, regulatory modernization, and policy development.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Financial Conduct Authority: UK's integrated conduct regulator for financial services firms and markets. Directly comparable in combining prudential-adjacent conduct oversight, consumer protection, and enforcement authority under a single statutory body.
• Canadian Investment Regulatory Organization (CIRO): Canada's national self-regulatory organization for investment dealers and trading activity, formed from the merger of IIROC and MFDA. Directly comparable oversight of market intermediaries and conduct, with AMF retaining parallel statutory authority over Quebec participants.
• Ontario Securities Commission: Ontario's provincial securities regulator and AMF's closest functional counterpart in Canada. Oversees securities markets, derivatives, and market participants in Canada's largest financial centre; directly comparable mandate, structure, and CSA coordination role.
• British Columbia Securities Commission: British Columbia's provincial securities regulator. Same mandate as AMF's securities and derivatives functions within a CSA member jurisdiction; comparable size and CSA coordination role.
• Autorité des marchés financiers (France): French integrated financial markets regulator sharing AMF's name and broad mandate across securities, financial intermediaries, and investor protection. Closely comparable in scope, structure, and consumer protection focus, though operating under EU/national frameworks.
• Alberta Securities Commission: Alberta's provincial securities regulator with a securities and derivatives mandate substantially overlapping AMF's. Comparable in scale, structure, and CSA participation.

Regional players

• BaFin: Germany's integrated federal financial regulator covering banking, securities, and insurance supervision. Comparable integrated mandate across financial verticals, though operating under EU and German federal frameworks rather than a single province.
• Autorité de contrôle prudentiel et de résolution (ACPR): French prudential supervisor attached to the Banque de France, overseeing banks and insurers. Comparable consumer-protection and supervisory remit over insurance and banking, with cross-border relevance to Quebec markets through international coordination bodies.

Broad incumbents

• Securities and Exchange Commission: US federal securities regulator with overlapping authority over securities markets, intermediaries, and disclosure regimes. A larger incumbent whose frameworks frequently influence Canadian policy harmonization.

Others

• Office of the Superintendent of Financial Institutions (OSFI): Canadian federal prudential regulator for banks and federally regulated financial institutions. Adjacent rather than directly competing with AMF, but materially relevant given overlapping jurisdiction over deposit-taking and insurance entities operating in Quebec.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 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