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10 March 2020

Market activities continuity during the period of coronavirus

The AMF is in contact with financial market entities and other supervisory authorities as part of its duties. The authority  is monitoring the situation closely as it develops and will ensure that the financial market place is able to operate in an orderly manner.

Contingency plans must enable firms to continue their activity while complying with regulatory requirements.

No provision prohibits staff from working from home. In this context, the AMF reminds financial market entities of their audit trail and voice-recording obligations. Firms are expected to take the appropriate steps to ensure these requirements are complied with, and even in a potentially deteriorated operational environment brought about by the geographical separation of staff.