This agreement establishes a framework for consultation and cooperation between the two authorities concerning investment service providers, investment advisors, and investment companies operating in both the United States and France, supervised by either the SEC or the AMF. It will also streamline the SEC's registration and supervision process for AMF-supervised asset management companies seeking to operate in the U.S. as investment advisors.
Paul S. Atkins, SEC Chairman, stated that the agreement embodies the spirit of cooperation essential for securities market regulation, aiming to broaden perspectives and foster thriving global markets within a flexible, innovation-friendly framework that ensures investor protection worldwide.
Marie-Anne Barbat-Layani, AMF Chairwoman, welcomed the agreement as a significant step in strengthening inter-authority cooperation. She highlighted its reflection of a shared commitment to developing capital markets while ensuring the integrity and resilience of the financial system and effective investor protection.
