Date: 29th January 2019
Author: BETTER FINANCE

Paris, 28 January 2019 - The French Government, the National Assembly and the Senate have just appointed the new members of the AMF’s supervisory body.

Yet again the public authorities decided to favour candidates from the financial industry and listed companies and excluded all qualified candidates from organisations representing French savers. For the third time in a row the candidate put forth by the largest French organisations representing savers, FAIDER, F2IC and ADAM - was rejected without any motivation or reason. Once more the AMF, whose main legal mission is to protect savers, completely excludes them from its supervisory board (“Collège”) in favour of a very strong representation of suppliers and issuers.

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