The AMF sets its priorities for 2026 for deeper, safer and more resilient financial markets open to innovation

Marie-Anne Barbat-Layani highlighted the four major commitments that will guide the AMF's work in 2026, within the framework laid down by the AMF's "Impact 2027" strategic orientations.

Fostering the development of European capital markets and the attractiveness of the Paris financial centre

• The AMF will contribute to work on the different strands of the European Union's Savings and Investments Union strategy. In particular, it will make proposals to strengthen ESMA's role in the European supervisory architecture.  
• At national level, the AMF will be mobilized for the competitiveness of the Paris financial centre. It will conduct an in-depth review of its policy on issuers in order to incorporate the simplifications introduced by the Listing Act. It will work on adapting the range of French investment funds and the operating framework for asset management companies.
• In the area of sustainable finance, the AMF will also focus its efforts on simplification to facilitate the application of the rules. As part of the revision of the regulation on sustainability‐related disclosures in the financial services sector (SFDR), it will advocate for a more effective framework that incorporates the transition objective. It will continue to support listed companies in implementing the revised corporate sustainability reporting directive (CSRD). 

Providing a framework conducive to innovative finance in the age of artificial intelligence

• The AMF will accompany the transition to the European markets in crypto-assets regime (MiCA), with the transitional period coming to an end on 30 June 2026.
• At European level, it will play an active role in the convergence of supervisory practices. It will continue to advocate for a transfer of supervisory powers over large pan-European platforms to ESMA.
• The AMF will support the roll-out of the blockchain-based issuance of financial instruments (tokenisation). It will launch a consultation among asset management market participants to document tokenisation projects in this sector. It will also contribute to discussions with the Banque de France and the French Treasury on the subject.
• The AMF has placed artificial intelligence at the heart of its 2026 strategy. It will finalize its roadmap on artificial intelligence. It will soon publish a study of uses cases for artificial intelligence in the financial sector and the associated governance arrangements, which will form the basis of its supervision strategy. 

Creating the conditions for an even more safe and resilient financial centre

• The AMF will participate in international work on nonbank finance. At national level, it will complete the system wide stress test launched in the summer of 2025 with the Banque de France and the Autorité de Contrôle Prudentiel et de Résolution (French Prudential Supervisory and Resolution Authority, ACPR).
• In the area of cybersecurity, the AMF will support the implementation of the European DORA Regulation on digital operational resilience in the financial sector. It will conduct inspections to ensure the robustness of regulated market participants’ cybersecurity systems. It will begin to include anticipation of the impact of quantum computing in these inspections.
• With the goal of protecting retail investors – the AMF’s top strategic priority – it will adapt its actions to a changing savings landscape. It will define an enhanced action plan against illegal online contents.
• In this regard, the AMF welcomes the work carried out by the Government to improve the effectiveness of the public authorities' action in this area.

Accelerating the AMF's transformation to fulfil its role as a pillar of trust 

• As part of its ongoing drive to improve the quality and efficiency of its relations with retail investors and market participants, the AMF will draw inspiration from the "Service Public +" program of the Inter-ministerial Directorate for Public Transformation. It will enhance the accessibility of its decisions and policies positions in order to improve the predictability and understanding of its actions.  
• Finally, the AMF needs new legal tools to be able to better combat financial fraud and enhance financial security. A bill was introduced in the National Assembly on 16 September 2025, and the regulator hopes that its proposals will be adopted soon.

About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are provided with adequate information. The AMF also supervises the orderly operations of markets.Visit our website: https://www.amf-france.org/en