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  • AMF sanctions: distinction and scope of administrative and disciplinary powers

    By Raphaël MORENON
    10 June 2025
    ```html The French financial sector is a complex ecosystem, whose stability and investor protection are ensured by a major player: the Autorité des marchés financiers (AMF). This independent public body has extensive powers to regulate markets, supervise professionals and, where necessary, impose sanctions. Understanding the nature and scope of these sanctioning powers, whether administrative or disciplinary, is essential for anyone operating in this environment. Our firm offers a detailed exploration of this legal framework to shed light on the scope of the AMF's intervention and its practical implications, complementing our comprehensive guide to the AMF's sanctioning powers. The historical legacy of the AMF's sanctioning powers The Autorité des marchés financiers, as we know it today, was created by the Financial Security Act of 1 August 2003. This major reform led to the merger of...
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