New key figures take up their seats on the AMF Enforcement Committee
By an order of the Minister for the Economy and Finance dated 3 September 2021 and by decision of the other competent authorities, the Enforcement Committee of the Autorité des Marchés Financiers (AMF) has been partially renewed. The Committee welcomes four new members.
Since six mandates had come to end, two members have been reappointed and four new members have been appointed: Valérie Michel-Amsellem, appointed by the First President of the Court of Cassation ; Aurélien Hamelle, Alain David and Frédéric Bompaire, appointed by the Minister of the Economy, Finance and the Recovery.
|The new membership of the Enforcement Committee |
At its next meeting, the Sanctions Committee will elect its chairman from among four judges appointed by the Vice-President of the Conseil d'Etat and the First President of the Court of Cassation. This appointment will be announced by press release.
An independant committee
Independent from the AMF Board, the Enforcement Committee includes 12 members:
- Four judges: two conseillers d'Etat appointed by the vice-president of that body and two Court of Cassation trial judges appointed by the chief Justice of that Court;
- Six professionals with legal and financial expertise and experience, appointed by the economy and finance minister and after consultation with organisations representing industrial and commercial companies whose securities are offered to the public or listed on a regulated market;
- Two representatives of the employees of finance sector firms, appointed by the economy and finance minister after consultation with representative labour unions.
The term of office of its members is 5 years from the date of the first meeting of the Commission. This mandate is renewable once.
About the Enforcement Committee
The Enforcement Committee, which is made up of judges and professionals, has total freedom to make decisions. It can impose sanctions on any person or company whose practices contravene laws and regulations that fall within the jurisdiction of the AMF. It ratifies settlement agreements signed by the Secretary General and respondents. And it takes part in the AMF’s educational efforts by clarifying financial regulations when explaining its decisions.
On the same topic
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02