France, Quebec to recognize professional qualifications

Date: Monday, June 14, 2010
Author: Investment Executive

The Autorité des marchés financiers of both France and Québec have signed an agreement designed to facilitate the mobility of investment and securities industry professionals between France and Québec.

This undertaking, which was signed at the annual conference of the International Organization of Securities Commissions in Montreal, recognizes the qualifications and expertise of key investment and securities industry professionals governed by both AMFs.

The initial step in the process will involve a detailed review of the professional qualifications required in the investment industry in France and the securities industry in Quebec.

“The resulting arrangements will ultimately facilitate the mobility of these professionals between France and Québec,” noted Jean St-Gelais, president and CEO of Québec's AMF.

Jean-Pierre Jouyet, chairman of the AMF in France called the deal, “a major step forward in recognizing beyond our borders the professional expertise certification system recently implemented in France by our agency.”