AMF officials to head major IOSCO committees

The Autorité des marchés financiers (AMF) on Thursday announced that Jean-François Fortin, executive director, enforcement, and Jean Lorrain, senior director, international relations and strategic monitoring, have been elected to head major committees of the International Organization of Securities Commissions (IOSCO).

Fortin has been elected chairman of IOSCO’s Committee on Enforcement and the Exchange of Information. The committee recommends policies to enhance the quality and effectiveness of regulators’ enforcement initiatives.

He will also chair IOSCO’s Screening Group, a body that aims to ensure that members comply with its membership requirements when they seek to become signatories to its multilateral memorandum of understanding on co-operation and exchanging information (MMoU).

Fortin will become the first representative of a North American regulator to chair these key committees, the AMF notes.

Lorrain has been elected vice president of IOSCO’s Assessment Committee, which develops programs to assess members’ implementation of the IOSCO principles and other global standards and policies.

“The election of two AMF colleagues is evidence of our expertise and leadership at IOSCO,” says Louis Morisset, president and CEO of the AMF, in a news release.

“Our involvement in IOSCO enables us to share our expertise while giving us access to the best oversight and regulatory approaches being developed around the world. We can adapt them for the benefit of Québec’s markets and consumers,” he adds.

IOSCO appointments from the OSC

A couple of executives from the Ontario Securities Commission (OSC) will be leading IOSCO initiatives, too. Tracey Stern, the OSC’s manager of market regulation, will chair the Committee on Regulation of Secondary Markets, which focuses on the global capital market structure and financial market infrastructure.

Paul Redman, chief economist and head of research at the OSC, will lead the Committee on Emerging Risks (CER), which covers developing risks and markets, such as the rise of financial technology.

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