Regulatory Alerts2016-03-24
AMF Governance Guideline for Insurers and Financial Services Cooperatives
L’Autorité des marchés financiers has published a draft revised Governance Guideline that establishes updated regulatory requirements for life and health insurers, damage insurers, portfolio management companies, financial services cooperatives, and trust and savings companies. The updated framework aligns with the Deposit Insurance Act and related Quebec legislation, mandating enhanced governance standards for these entities. Stakeholders may submit public comments on the proposed changes until May 6, 2016, with the revised Guideline scheduled to take effect on July 1, 2016.
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