2025-06-26
The Autorité des marchés financiers (AMF) proposes amendments to the Securities Regulation and derivatives tariffs to recalibrate fees under a cost-recovery funding model. The revised structure reduces costs for investment and mutual fund dealers following regulatory delegations to CIRO, introduces new participation fees for market structures and over-the-counter derivatives, and updates various monetary penalties. Stakeholders may submit written comments until September 19, 2025, before the draft regulations undergo government approval.