Which organization is responsible for the regulatory framework in Québec's financial sector?

Which organization is responsible for the regulatory framework in Québec's financial sector?

• A. Investment Industry Association of Canada (IIAC)
• B. Integrative Market Enforcement Teams (IMETs)
• C. Autorité des marchés financiers (AMF)
• D. Canadian Investor Protection Fund (CIPF)

Answer: (C)

The Autorité des marchés financiers (AMF) is the organization responsible for the regulatory framework in Québec's financial sector. It oversees the conduct of financial markets and ensures the protection of consumers within Québec. The AMF regulates a wide range of financial activities, including securities markets, insurance, and investment funds, thereby promoting transparency, integrity, and the smooth functioning of financial markets in the province.

In contrast, other organizations mentioned focus on different aspects of the financial landscape. For instance, the Investment Industry Association of Canada (IIAC) is more about representing the interests of the investment industry rather than regulating it. Integrative Market Enforcement Teams (IMETs) deal with criminal activity in capital markets but do not serve as the primary regulatory body. The Canadian Investor Protection Fund (CIPF) provides insurance for investors in case a member firm fails but is not responsible for establishing the regulatory framework itself. Thus, the AMF uniquely fulfills the role of a regulator in Québec's financial sector.